Marc Goldwein: Payroll tax changes resemble progressive consumption tax for U.S. seniors

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Payroll tax seen as progressive shift

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Mikhail Vnuchkov

04.04.2026

Marc Goldwein: Payroll tax changes resemble progressive consumption tax for U.S. seniors — Payroll tax seen as progressive shift

Marc Goldwein counters claims that recent payroll tax policy represents a large tax increase on U.S. seniors.

He explains that with the combination of the six-figure income limit and the employer compensation tax, the payroll tax is shifting toward a structure similar to a progressive consumption tax, which he views positively.

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Goldwein has previously projected that CPI inflation will reach 3 percent in 2026, while cautioning that it remains too early to confirm a precise outlook. He also noted that the U.S. budget outlook is tracking well under 3 percent prior to factoring in possible Supreme Court or Iran events. These comments come as he weighs in on the effects of recent payroll tax policy.

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