Sentences with phrase «expiration of the payroll tax»

«If I'm a small - business person, the one thing I don't want to see is the expiration of the payroll tax cuts, because I'd like to have my customers with a bit of a boost to their paycheck,» says Jared Bernstein, a former top economic adviser to Vice President Joe Biden.

Staying on that other and more pessimistic hand, the expiration of the payroll tax holiday meant that the middle - class got the equivalent of a two percent pay cut starting this January.

Disposable incomes actually fell going into 2013 due to the expiration of the payroll tax cut that ended with the Fiscal Cliff deal.

Not exact matches

A cut in consumers» paychecks — with the expiration on Jan. 1 of the payroll tax break established during the recession — might mean less traffic for many restaurants, or a reduction in the amount of money people are willing to spend on casual food.

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.

After the expiration of the payroll - tax holiday, self - employment tax takes up a substantial percentage of your profits this year (15.3 %).