Tuesday, February 14, 2012

Payroll tax

  • Feb. 14 (Bloomberg) -- U.S. House Republican leaders offered to vote this week to extend a payroll-tax cut through 2012 in an attempt to shift blame to Democrats if they balk and Americans' take-home pay shrinks next month.
  • (Businessweek)
  • President Barack Obama said Tuesday hes hopeful Congress will renew a 2-percentage-point cut in the payroll tax before it lapses at the end of the month, but said its important to also renew jobless benefits for millions of the long-term unemployed as well.
  • (AP - msnbc.com)
  • President Obama said today that a sudden tax hike at the end of the month will damage the nations economic recovery, and he again urged Congress to extend the payroll tax cut before it expires after February.
  • (USA Today)
  • In a somewhat stunning turn of events, the House Republican leadership has decided to add $100 billion to the US deficit by passing a 10-month extension of a Social Security payroll tax cut without finding offsets to pay for it.
  • (What Were They Thinking? - CNBC)
  • President Barack Obama said Tuesday there are hopeful signs Congress will reach a deal to extend expiring payroll tax cuts for millions of Americans.
  • (AP - msnbc.com)
  • WASHINGTON -- President Barack Obama is going on the offense Tuesday, raising pressure on congressional Republicans to extend the payroll tax cut and unemployment insurance benefits.
  • (Huffington Post)
  • That raises the question of when its ever going to be okay to restore payroll tax rates to their usual levels — and what that will mean for Social Securitys financing over the long haul.
  • (NPR News)

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