Senate Democrats push Obama payroll tax cut
November 28, 2011, 8:10 PM
2 min read
WASHINGTON -- When President Obama heads to Scranton, Pa., Wednesday to make his case for cutting taxes for most workers, he'll offer his first salvo in an end-of-the-year battle to extend and expand the payroll tax holiday.
The vote on Obama's plan — which would slice the payroll tax from 6.2% to 3.1% — comes as a 2% payroll tax holiday enacted last year is set to expire Dec. 31.
Obama's plan would also halve the tax paid by employers on a business's first $5 million of payroll.
____________________________________________________________________________________________
oh wait...I know....DIFFERENT!!!!!!!!!!!!!!!!!!!!!!!!!
November 28, 2011, 8:10 PM
2 min read
WASHINGTON -- When President Obama heads to Scranton, Pa., Wednesday to make his case for cutting taxes for most workers, he'll offer his first salvo in an end-of-the-year battle to extend and expand the payroll tax holiday.
The vote on Obama's plan — which would slice the payroll tax from 6.2% to 3.1% — comes as a 2% payroll tax holiday enacted last year is set to expire Dec. 31.
Obama's plan would also halve the tax paid by employers on a business's first $5 million of payroll.
____________________________________________________________________________________________
oh wait...I know....DIFFERENT!!!!!!!!!!!!!!!!!!!!!!!!!