Hawaii 24/7

MEDIA RELEASE Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, continuing the reduction of their Social Security tax withholding rate from […]

Read the full story

From David Plouffe, Senior Advisor to the President: It’s simple. If lawmakers don’t vote to extend the payroll tax cut, taxes for 160 million Americans will go up Jan. 1. President Obama just left the press briefing room at the White House where he called on Congress to extend the tax cut, pay for it […]

Read the full story