Payroll tax extension looks like a done deal

February 17th, 2012 by Joe Kristan

Congressional leaders appear to have reached agreement to extend the 2 percentage-point reduction in the employee FICA and Self-employment tax rate through December 31. It had been slated to expire at month end. The agreement had been hung up on how it would be paid for, but our leaders bravely compromised by not bothering to pay for it.
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