Payroll Tax

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 ...

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 ...

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. ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...