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Sns La Pn House Payroll Tax Vote 20111220

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December 20, 2011 | By Kathleen Hennessey
Reporting from Washington-- The Senate is gone for the holidays, the House packed up to leave, and as a result the chances that working Americans soon will see a tax increase jumped sharply. The Capitol emptied to an eerie quiet on Tuesday, with no signs of negotiations toward a compromise that would save an expiring payroll tax break. As of Jan. 1, the tax cut that has been in place all year is scheduled to return to 6.2% from its current 4.2%, meaning that biweekly paychecks on average will be $40 smaller.
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NEWS
December 20, 2011 | By Kathleen Hennessey
Reporting from Washington-- The Senate is gone for the holidays, the House packed up to leave, and as a result the chances that working Americans soon will see a tax increase jumped sharply. The Capitol emptied to an eerie quiet on Tuesday, with no signs of negotiations toward a compromise that would save an expiring payroll tax break. As of Jan. 1, the tax cut that has been in place all year is scheduled to return to 6.2% from its current 4.2%, meaning that biweekly paychecks on average will be $40 smaller.
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