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 This material may not be published, broadcast, rewritten or redistributed.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
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Sending Troops to Poland Amid Tensions Over Russia

Saturday, 19 Apr 2014 11:24 AM

The Obama administration is sending ground troops to Poland in response to Russia's moves in Ukraine, Poland's defense m . . .

White House Uses Bieber Petition to Push Immigration Reform

Saturday, 19 Apr 2014 12:21 PM

Instead of commenting directly on a popular petition to have bad-boy pop star Justin Bieber deported to Canada, the Whit . . .

Holy Fire Ceremony Draws Thousands in Jerusalem

Saturday, 19 Apr 2014 11:47 AM

The dark hall inside Christianity's holiest shrine was illuminated with the flames from thousands of candles on Saturday . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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