House GOP Payroll Tax Plan Has Freeze for Federal Workers

Monday, 12 Dec 2011 11:27 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The House GOP plan to extend the payroll tax deduction has some tough news for federal workers. The Republican plan would extend the current two-year wage freeze for federal workers another year to 2014, The Washington Post blog the Federal Eye reports

The proposal appears toward the end of the 24-page plan and also includes a 1.5 percent increase in federal employee pension contributions and changes in pension rules for new hires. The Congressional Budget Office estimates that extending the pay freeze would save taxpayers more than $26 billion in the next 10 years and the retirement changes over $36 billion, the Post reported.

National Active and Retired Federal Employees Association President Joseph Beaudoin said the changes in pensions amount to a 3 percent payroll tax on federal worker salaries. Colleen Kelley, president of the National Treasury Employees Union, called the House GOP plan outrageous and said it singles out “hard-working middle-class federal employees,” the Post reported.


© 2014 Newsmax. All rights reserved.

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:
Retype 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

Ex-CIA Agent: ISIS Is in America; Some Have Entered from Mexico

Tuesday, 02 Sep 2014 17:49 PM

Islamic State (ISIS) cells are already in the United States, and some of them have entered by crossing the Mexican borde . . .

Harvard Study: Marijuana Is Addictive Drug

Tuesday, 02 Sep 2014 17:06 PM

Many people believe that marijuana is not addictive, but a new study challenges that theory. . . .

Expert: Use Complex Passwords to Protect Accounts

Tuesday, 02 Sep 2014 13:09 PM

One primary method to protect Internet cloud accounts from hackers is to use "complex" passwords, a cyber security exper . . .

Most Commented

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