U.S. President Barack Obama has signed a measure that extends a payroll tax cut for 160 million American workers through the rest of the year. The bill signed by Mr. Obama in the Oval Office Wednesday continues a 2 percent reduction in the tax on wages and salaries that funds the Social Security retirement program. […]
Obama Signs Payroll Tax Cut Extension Bill
Posted February 23rd, 2012 at 7:15 am (UTC-5)
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US Congress Passes Payroll Tax Extension
Posted February 17th, 2012 at 12:40 pm (UTC-5)
The U.S. Congress has passed a bill renewing a payroll tax cut for 160 million workers and long-term unemployment benefits for many others. The House of Representatives and the Senate passed the measure swiftly on Friday and sent it to President Barack Obama to sign into law. The measure extends the tax cut and benefits […]
US Congress Reach Deal on Payroll Tax Cut
Posted February 16th, 2012 at 4:00 am (UTC-5)
A bipartisan group of U.S. lawmakers has reached an agreement on legislation to extend a payroll tax cut and unemployment benefits through the end of 2012. Democratic Senator Max Baucus announced the deal late Wednesday after a long day of negotiations between House and Senate members. The measure is expected to be voted on later […]
US Congress Nears Final Deal on Payroll Tax Cut
Posted February 15th, 2012 at 2:00 am (UTC-5)
U.S. lawmakers have reached a tentative agreement to extend a payroll tax cut and unemployment benefits through the end of 2012. A bipartisan negotiating panel of House and Senate lawmakers struck a deal Tuesday that would maintain a cut of about $20 per week from the payroll taxes of 160 million U.S. workers. The tax […]
US Congress Nears Final Deal on Payroll Tax Cut
Posted February 15th, 2012 at 12:35 am (UTC-5)
U.S. lawmakers have reached a tentative agreement to extend a payroll tax cut and unemployment benefits through the end of 2012. A bipartisan negotiating panel of House and Senate lawmakers struck a deal Wednesday that would maintain a cut of about $20 per week from the payroll taxes of 160 million U.S. workers. The tax […]
Obama: ‘Hopeful Signs’ of Payroll Tax Cut Deal
Posted February 14th, 2012 at 12:55 pm (UTC-5)
U.S. President Barack Obama says there are “hopeful signs” that Congress will agree on extending a payroll tax cut and unemployment insurance, but warned nothing is sure until he signs the measure into law. In Washington Tuesday, President Obama said the country is still fighting its way back from the economic crisis, and there remains […]
Obama Presses for Tax Cut Extension
Posted December 5th, 2011 at 6:50 pm (UTC-5)
U.S. President Barack Obama is again urging opposition Republicans to extend a payroll tax cut set to expire at the end of this year. In comments at the White House Monday, President Obama said the economy is “still fragile” and that extending the tax cut is important not just for the economy as a whole, […]
Obama Pushes for US Payroll Tax Cut Extension
Posted December 5th, 2011 at 3:45 pm (UTC-5)
U.S. President Barack Obama renewed his push Monday for an extension and expansion of a payroll tax cut that benefits 160 million American workers. The current tax cut was worth about $1,000 to the typical worker this year, but it expires at the end of the month and workers’ taxes would increase in January. Mr. […]
