But in what was at first seen as a major victory for House Republicans was flipped after the restive tea party - influenced faction refused to go along with a two - month payroll tax holiday. (nystateofpolitics.com)
Sequestration — deep, across - the - board cuts to nearly all federal spending — is a major component of the triple - threat fiscal cliff, which also includes the expiration of both the Bush - era tax cuts and the temporary payroll tax holiday. (ascd.org)
00:29 Alter: With the payroll tax holiday, everybody is gonna lose 2 % of their income, up to a certain amount. (inc.com)