obama-urges-congress.pngIn a December 5 White House statement President Obama turned up the heat on lawmakers, saying if the payroll tax holiday is allowed to expire the average American family would see a tax hike of about $1,000. Noting that Democrats and Republicans deadlocked last week over legislation to extend the tax cut for 2012, the president urged Congress to extend the payroll tax holiday to spur economic growth and new hiring. Read more.

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Obama urges Congress to extend the payroll tax holiday

Tue Dec 6, 2011

obama-urges-congress.pngIn a December 5 White House statement President Obama turned up the heat on lawmakers, saying if the payroll tax holiday is allowed to expire the average American family would see a tax hike of about $1,000. Noting that Democrats and Republicans deadlocked last week over legislation to extend the tax cut for 2012, the president urged Congress to extend the payroll tax holiday to spur economic growth and new hiring.