Lawmakers averted the fiscal cliff by raising income taxes on the wealthy, but in this deal everyone's taking a hit. That's because Social Security payroll taxes are going up for all American workers.
House Republicans have proposed a payroll tax bill that, among several items, would temporarily circumvent the scheduled 27.4 percent Medicare payment cut for physicians, according to a New York Times ...
The FICA, i.e., payroll tax that primarily finances progressive Social Security benefits is perhaps the most regressive tax foisted upon U.S. citizens. Aside from the relatively small Medicare portion ...
Most of the newsprint and airtime devoted to extending the payroll tax reduction is wasted, at least on the employers who are said to be eager to hire gobs of new workers if only they were sure the ...
*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. WASHINGTON — The Social Security payroll tax cut should be allowed to expire at the end of this year and lawmakers should turn ...
While U.S. Sen. Ben Nelson, D-Neb., hasn't said whether he would support a bill passed by the House that would extend the payroll tax cut, he is not a fan of the myriad attachments added to the bill.
Nothing in Washington is easy, it seems. Not even cutting people’s taxes. A House vote to extend the payroll tax cut that President Obama said should be “a formality” next week is a formality no more, ...