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Thread: Obama pushes payroll tax cut
11-22-11, 11:06 AM #1
Obama pushes payroll tax cut
[QUOTE]President Obama is scheduled to travel to New Hampshire today to urge lawmakers to extend and expand the payroll tax cut, a key provision of his $447 billion jobs bill.
“If Congress fails to extend the current payroll tax cut, taxes will go up on millions of people at a time when families are struggling to make ends meet,” a White House official said.
The president’s proposal would provide a tax cut for 160 million workers by increasing the payroll tax cut from 2.0 percent to 3.1 percent, “providing a significant boost to consumers and the economy,” according to the White House.
More here: Obama to Urge Congress to Act on Payroll Tax Extension - ABC News
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