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Search Tags: payroll tax
The administration estimates that for a worker earning 50,000 a year, the tax holiday means $80 a month in extra take-home pay. For better-paid employees, the bonus could total $2,200 a year.
The $15 billion generated by the 2.3 percent more that new employees would pay for their retirement would help pay for the extension of unemployment insurance.
There is a new "Jaws 4" movie taking shape and federal and postal workers may play prominent roles as the primary bait. Check it out, if you dare, Senior Correspondent Mike Causey says.
Before this weekend, Congress has three major to-do items on its agenda: the $1 trillion spending bill, the defense authorization bill and the payroll tax cut extension.
Congressional negotiators are closer to reaching a spending deal with less than a week left before the current budget expires.
The extension of the tax cuts signed into law recently by President Obama include a few money-savings for voters.