Value Investor Research
ECM: US: Payroll vote gives congress nine-month breather on tax decisions
value_investor
Publish date: Mon, 20 Feb 2012, 09:58 AM
A coalition of Democrats and Republicans in the House and Senate voted to extend a payroll tax cut through the rest of the year. For a Congress that has waged bitter fights over the debt ceiling, spending cuts and the payroll tax break, that means there are almost nine months before the next significant fiscal questions must be addressed. The 2001 and 2003 tax cuts expire on Dec. 31 along with the payroll tax cut. (Bloomberg)
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