Uncle Sam Takes Bite Out Of PaychecksWhen you get your paycheck on Friday, you may do a double-take at your new take home pay. Millions of Americans will see their paychecks go down after Congressional leaders allowed the payroll tax cut to expire at the beginning of the year.
President Meeting With Congressional Leaders Over Fiscal CliffPresident Barack Obama is set to meet with Congressional leaders at the White House Friday to try and reach a compromise to steer the country clear of the looming fiscal cliff.
Payroll Tax Likely To Rise After Fiscal CliffWhile much of the focus with the ongoing austerity crisis on Capitol Hill has been overall tax rates, both President Barack Obama and Republican Speaker of the House John Boehner have agreed on one tax principle: ending the payroll tax holiday.
Senate United, House Divided Over Payroll Tax CutWhile both Senators Marco Rubio and Bill Nelson supported a temporary payroll tax cut extension; Florida’s house delegation rejected the bill along party lines.
House Impasse Threatens Payroll Tax CutA high-stakes standoff in Congress could end up with thousands of Floridians losing money in their paycheck and hitting first-time home buyers in the area.
Wasserman-Schultz Pitches Payroll Tax Cut ExtensionDemocratic Congresswoman Debbie Wasserman-Schultz was in Dania Beach Monday morning to renew her call for an extension to the payroll tax cut for all working Americans.
Tax Cut Deal Taking Bi-Partisan FirePresident Barack Obama’s tax-cut deal with the GOP leadership was supposed to be a bi-partisan plan. Instead, it’s drawing bi-partisan fire as it makes its way through Congress.