Sentences with phrase «payroll tax cuts»

After the resolution of the Fiscal Cliff situation in January, the payroll tax cuts of previous years ended.

The increase was part of 2011 legislation to extend payroll tax cuts.

«The $ 2 million fund to support the development of the hub sits alongside a range of measures we have put in place to drive jobs growth and foster our leadership in emerging industries — including the $ 200 million Future Jobs Fund, Job Accelerator Grant and payroll tax cuts for small business.»

Employee payroll taxes will go back up to 6.2 % on the Social Security wage base ($ 116,700), This ends the 2 percent temporary payroll tax cuts for 2011 and 2012.

Moreover, Senate Republicans negotiated a sunset provision for the payroll tax cuts out of the original language.

To get the votes to extend the debt ceiling, the Democrats will insist on keeping the income and payroll tax cuts for the 99 % and the Republicans will want to keep the capital gains rate at 15 % so the Wall Street speculators will not be inconvenienced.

«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.

A united House Republican leadership surrendered crisply and cleanly on legislation to extend expiring payroll tax cuts for 160 million Americans, skipping most if not all of the self - defeating drama that accompanied their far noisier retreat on the issue late last year.

«Congress did pass the payroll tax cut with a bi-partisan vote.»

The two - month temporary extension of the payroll tax cut was finally signed into law, keeping an average of $ 40 per paycheck in the pocket of working Americans.

Meanwhile, nearly 90 percent of households in the top quintile (income over about $ 105,000) got an average payroll tax cut of about $ 2,250, compared with just 60 percent who would have gotten MWP credits averaging about $ 650.

«A reduction in gas prices and grocery deflation will help customers stretch their budgets, but they're still trying to absorb a 2 % payroll tax cut, uncertainty over Washington, and a lack of clarity around personal health care costs that are all headwinds,» Mr. Simon said.

Obama is headed to New Hampshire today, where he'll lobby for a payroll tax cut extension, as his would - be GOP rivals gather in D.C. for yet another debate.

«Partisanship has a $ 7.1 billion price tag for residents of this state if an agreement can't be reached to extend the payroll tax cut and that's simply not what New York families need right now.»

Washington (CNN)- In a sharp turnaround, House Republican leaders Monday dropped a key demand that the cost of extending the payroll tax cut be offset by spending cuts elsewhere in the budget.

As long as the M.T.A. is guaranteed to be reimbursed by the state for the money it loses from the payroll tax cut, that loan application should still be able to move forward.

House Republicans will hold a conference call at 5 p.m. Thursday amid indications of a possible deal to extend the payroll tax cut before it expires on January 1, a top Democratic source told CNN.

Peter King will stand with Speaker John Boehner in tonight's vote on the two - month extension of a payroll tax cut.

Just last week, the House narrowly passed an extension on a payroll tax cut.

Can someone please explain what this payroll tax cut is exactly, and if it is going to affect my tax return in any way?

The payroll tax cut of 2011 - 12 has slim chance of extending into 2013.

But again the specter of the pipeline rose, when congressional Republicans tried to sneak it into a payroll tax cut bill.

To suppose, as the President insisted, that Keystone would generate «a lot fewer jobs than would be created by extending the payroll tax cut and extending unemployment insurance» is simply baffling.

This time, the president might allow the GOP to strong - arm him into accepting a provision that would force him to make his decision on the pipeline in the next 60 days; a measure tacked onto the unrelated payroll tax cut bill as a «rider».

As Mat pointed out earlier, when the Keystone XL provision was first getting tacked onto the payroll tax cut bill, this may end up simply dooming the project much earlier than anyone expected.

The much - ballyhooed payroll tax cut bill that passed the House today includes, as we knew it would, a provision that forces the president's hand on the Keystone XL tar sands pipeline.

In news that's likely a little more applicable to you and your business, this week, Congress passed the payroll tax cut without much of a fight.

With their approval rating at a feeble 9 %, you'd think that Congress would put aside their differences and vote through an extension of the payroll tax cut set to cost -LSB-...]

The payroll tax cut has been extended for two months, so your taxes next year, at least till March, should look the same.

As we stand today, the payroll tax cut (which affects 160 million American workers) is set to expire on the first of January.

That result, plus the end of the payroll tax cut, will boost the NW / DPI measure and muddy our tracking of balance sheets until the data for the second quarter of 2013 are available.

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

Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nevada, recently issued the following statement on a congressional plan to raise fees charged by Fannie Mae and Freddie Mac and use them to help pay for an extension of this year's payroll tax cut through 2012:

The payroll tax cut and extended unemployment benefits will likely lapse, but we expect the net spending cuts from the Budget Control Act to stand, even if there is some shifting or postponement among certain programs.

Under present law, in 2013 the 2001/2003 tax cuts expire, the payroll tax cut expires, extended unemployment benefits end, and federal government spending levels decline due to last summer's Budget Control Act.

In particular, the legislation staving off the Fiscal Cliff included a number of tax increases, including an end to the payroll tax cut and rate hikes at the top end of the income distribution.

Authority for these raises come under the payroll tax cut extension agreed to last fall.

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

These projections assume Congress will not act to increase payroll taxes, raise the retirement age or cut benefits to improve the financial outlook of Social Security.

This year, economists predicted the main source of pain would be a reinstated payroll tax and $ 85 billion - worth of automatic sequester cuts approved as part of the fiscal cliff.

PARIS, Oct 28 - Executives from nearly 100 of France's biggest companies called on the Socialist government on Sunday to cut payroll taxes by 30 billion euros over two years to regain waning competitiveness.

During his 45 - minute outline of the bold initiative, in which he repeated the phrase «pass this jobs bill» more than a dozen times, Obama described reforms to create new construction projects, restore American schools, and cut the payroll tax in half.

Stock markets plunged after President Obama announced a $ 450 - billion job - creation package, based on a payroll tax - cut extension.

If this happens, incoming payroll taxes will be enough to cover about three - fourths of promised benefits, so as a worst - case scenario, we're looking at a 25 % cut.

However, despite the economy's on - going dismal job performance, a broad based cut in payroll taxes does not appear to be a very high priority claim for this government against the surpluses.

[1] Another tax law, the Temporary Payroll Tax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percetax law, the Temporary Payroll Tax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 perceTax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 perceCut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percecut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percetax funding Social Security, from 6.2 percent to 4.2 percent.

The second reason to adopt the payroll fix is it amounts to a tax cut for many middle - class people.

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.

Passed Mini Stimuli: To help families hurt by the recession and spur the economy as stimulus spending declined, signed series of measures (July 22, 2010; December 17, 2010; December 23, 2011) to extend unemployment insurance and cut payroll taxes.

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.