WASHINGTON -- Democrats are offering a bill that would cut taxes for most families next year by about $1,500, paying for the cut by taxing income above $1 million.
The idea is to extend and expand a tax cut passed for this year that has let workers off the hook for 2 percent of their Social Security payroll taxes. The new version offered Monday by Sens. Harry Reid (D-Nev.), Bob Casey (D-Pa.) and Chuck Schumer (D-N.Y.) would boost that figure to 3.1 percent, or half the 6.2 percent payroll tax, for 2012. Read More..click here
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Join date : 2011-02-18
Great article, thank you for posting.
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