Payroll Tax

  • Fiscal Cliff Deal Cuts Average Workers' Paycheck By $1,000

    Fiscal Cliff Deal Cuts Average Workers' Paycheck By $1,000

    The tax package that Congress passed in the final hour of New Year's Day will protect 99 percent of Americans from an income tax increase, but almost every person will still see a hit to their paychecks. That's because the legislation did nothing to prevent a reduction in the Social Security payroll tax from... Continue Reading

  • Smaller Paychecks Coming -- Bosses Say, Don't Blame Us

    Smaller Paychecks Coming -- Bosses Say, Don't Blame Us

    By Jose Pagliery Everyone's paycheck is about to take a hit, and it's not the boss's fault. But some business owners say it's a tough talk to have. The rate of workers' payroll taxes, which fund Social Security, has been 4.2 percent for the past two years. As of Jan. 1, it's back to 6.2 percent, on the first... Continue Reading

  • Obama Signs Payroll Tax Cut Extension Into Law

    Obama Signs Payroll Tax Cut Extension Into Law

    By Mark S. Smith WASHINGTON (AP) -- President Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan agreement in the continuing partisan battle over jobs, taxes and debt. Continue Reading

  • Obama Touting Payroll Tax Cut Extension Deal

    Obama Touting Payroll Tax Cut Extension Deal

    WASHINGTON (AP) -- President Barack Obama will be joined at the White House on Tuesday by taxpayers who stand to benefit from a payroll tax cut extension. Continue Reading

  • Deal Trims Maximum Jobless Benefits To 73 Weeks

    Deal Trims Maximum Jobless Benefits To 73 Weeks

    By Sam Hananel WASHINGTON (AP) -- Long-term unemployed workers in states with persisting high joblessness soon would no longer be able to count on unemployment benefit checks for up to 99 weeks under legislation before Congress. Continue Reading

  • Top Bargainers Announce Payroll Tax Cut Deal

    Top Bargainers Announce Payroll Tax Cut Deal

    By Alan Fram WASHINGTON (AP) -- Relieved congressional bargainers say they've reached agreement on compromise legislation extending payroll tax cuts and benefits for the long-term unemployed through 2012, edging a white-hot political battle a major step closer to finally being resolved. Continue Reading

  • Payroll Tax Negotiations Open Amid Optimism

    Payroll Tax Negotiations Open Amid Optimism

    By Andrew Taylor WASHINGTON (AP) -- Negotiations to renew a payroll tax cut for 160 million workers and jobless benefits for millions more kicked off on Capitol Hill on Tuesday, with both sides optimistic of an agreement despite last year's bitter battles over President Barack Obama's jobs proposals. Continue Reading

  • Obama To Press Congress To Revisit $1.2 Trillion In Cuts

    Obama To Press Congress To Revisit $1.2 Trillion In Cuts

    By Andrew Taylor WASHINGTON -- In its budget submission next month, the Obama administration will urge lawmakers to revisit the failed attempt by a congressional supercommittee to cut the deficit by at least $1.2 trillion, the White House says. The proposal runs counter to the common wisdom in Washington... Continue Reading

  • Congress Revisiting Bruising Payroll Tax Cut Fight

    Congress Revisiting Bruising Payroll Tax Cut Fight

    By Alan Fram WASHINGTON (AP) -- With television lights glaring, 20 lawmakers will gather next week to revisit the fight that consumed Congress before Christmas over renewing a Social Security payroll tax cut and unemployment benefits. Continue Reading

  • Congress Hopes To Wrap Up Work On Payroll Tax Cuts

    Congress Hopes To Wrap Up Work On Payroll Tax Cuts

    By Andrew Taylor WASHINGTON (AP) -- Capping a full retreat by House GOP leaders, Congress will convene Friday in hopes of approving a stopgap measure renewing payroll tax cuts for every worker and unemployment benefits for millions - despite serious opposition among some tea party Republicans. Friday's... Continue Reading

  • Understanding Congress' Payroll Tax Cut Fight

    Understanding Congress' Payroll Tax Cut Fight

    By Alan Fram WASHINGTON (AP) -- If President Barack Obama, the House and the Senate all want to extend a Social Security payroll tax cut and jobless benefits through next year, why are they fighting so bitterly over doing it? Obama, House Democrats and lopsided majorities of both parties in the Senate... Continue Reading

  • Holiday Showdown Over Payroll Tax Tests Obama, GOP

    Holiday Showdown Over Payroll Tax Tests Obama, GOP

    By Andrew Taylor WASHINGTON (AP) -- Stuck in a stalemate, President Barack Obama and his Republican rivals are slugging it out in Washington rather than reaching for a holiday season accord to prevent payroll taxes from going up on 160 million workers. The tax increases, as well as cuts to Medicare... Continue Reading

  • House GOP To Reject Stopgap Payroll Tax Cut

    House GOP To Reject Stopgap Payroll Tax Cut

    By Andrew Taylor WASHINGTON (AP) -- With the Senate adjourned for the holidays, House Republicans are moving to shelve a bipartisan two-month extension of the Social Security payroll tax cut that cleared the Senate over the weekend and are demanding instead that their fellow lawmakers return to the Capitol... Continue Reading

  • House GOP Out To Reshape Senate's Payroll Tax Cut

    House GOP Out To Reshape Senate's Payroll Tax Cut

    By Alan Fram WASHINGTON -- Congress is edging closer to yet another down-to-the wire showdown as House Republicans shun a bipartisan payroll tax cut bill approved by the Senate and prepare to write a package to please rank-and-file GOP lawmakers clamoring for a more conservative version. The House was... Continue Reading

  • Poll: Most Americans Want Payroll Tax Extension

    Poll: Most Americans Want Payroll Tax Extension

    By Laurie Kellman WASHINGTON (AP) -- Most Americans want Congress to vote to continue the payroll tax reduction, according to a new Associated Press-GfK poll that comes as Democrats and Republicans wrestle over whether to extend the cut through 2012. It's the latest instance in which lawmakers on Capitol... Continue Reading

  • Obama Urges Public Help Pushing Payroll Tax Cuts

    Obama Urges Public Help Pushing Payroll Tax Cuts

    By Erica Werner WASHINGTON (AP) -- President Barack Obama wants voters to get involved in the debate over extending the reduced payroll tax and he's asking them to tell members of Congress to keep the cut in place. "Let your members of Congress know where you stand," Obama said Saturday in his weekly... Continue Reading

  • In NH, Obama To Push For Payroll Tax Cut Extension

    In NH, Obama To Push For Payroll Tax Cut Extension

    By Julie Pace WASHINGTON (AP) -- Targeting Republicans in Congress and on the presidential campaign trail, President Barack Obama is heading to New Hampshire, a political battleground, to begin a year-end push to extend payroll tax cuts. During a speech Tuesday at a Manchester high school, the president... Continue Reading