Tags: payroll | tax | cut | House | passes

Congress Passes Payroll Tax Cut Extension

Friday, 17 Feb 2012 11:43 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Congress has passed legislation renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Barack Obama's jobs agenda in a rare burst of Washington bipartisanship.

The Senate approved the $143 billion measure by a bipartisan 60-36 vote.

That tally came minutes after the House approved it by a sweeping 293-132 vote.

Obama is expected to sign it into law shortly after returning from a West Coast fundraising swing.

Under Friday's measure, workers would continue to receive a 2 percentage point increase in their paychecks and people out of work for more than six months would keep jobless benefits averaging about $300 a week. It would also head off a steep cut in reimbursements for physicians who treat Medicare patients.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. McCain: Hagel 'Very Frustrated' With Obama Policies

Monday, 24 Nov 2014 12:56 PM

Arizona Sen. John McCain has blasted the Obama administration for forcing Defense Secretary Chuck Hagel to quit, saying  . . .

Immigrant Groups: Many Left Behind By Obama's 'Arbitrary' Action

Monday, 24 Nov 2014 12:06 PM

Some immigrant-rights groups are sharply critical of President Obama‚Äôs executive amnesty plan, saying it leaves most ill . . .

Oil Price Seen Falling to $60 If OPEC Doesn't Cut Output

Monday, 24 Nov 2014 08:25 AM

Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this wee . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved