Posts Tagged ‘payroll’

Americans feel austerity’s bite as payroll taxes rise

WASHINGTON (Reuters) – Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy [...]

Support mounting for extending payroll tax holiday

WASHINGTON (Reuters) – Support is quietly mounting in Congress to extend the payroll tax holiday for 160 million Americans or to replace it with a similar break to protect American workers from an immediate hit in their take-home pay at the beginning of next year, according to lawmakers. The payroll tax holiday, now in its [...]

Evidence surfaces suggesting Iranian missile Photoshoppers could be on Romney campaign payroll

Well this is hilarious: BuzzFeed just caught the Romney campaign exaggerating the size of one its campaign rallies with an altered image. You can view BuzzFeed’s full analysis of the image here, but in short the Romney campaign simply duplicated several sections of the crowd, making the audience seem much bigger than it was. And [...]

French report to urge payroll tax cuts: media

PARIS (Reuters) – A government-commissioned report will urge France to cut 30 billion euros ($ 39.09 billion) in payroll taxes over two to three years to increase the country’s competitiveness, newspaper Le Figaro said on its website on Friday citing unnamed sources. The lost revenue would have to be covered by massive cuts in public [...]

New York’s MTA payroll tax unconstitutional: judge

(Reuters) – New York’s Metropolitan Transportation Authority could lose $ 1.5 billion of revenue a year after a state court ruled on Wednesday that a payroll tax was unconstitutional, partly because it applies to only 12 counties in the state. The tax is paid by employers located within the downstate area served by the MTA, [...]

Payroll Tax Deal Pushes U.S. Closer to Debt Ceiling

The payroll tax extension that Congress passed last week “accelerated the timeline for another battle over the debt ceiling,” The Hill reports. Tweet This Post

Dems, GOP look to play offense after payroll fight

Bruised from the payroll tax cut brawl, congressional Republicans want to change the subject and push legislation they say would create jobs by promoting transportation and energy projects, cutting business taxes and helping companies raise capital. Tweet This Post

Congress extends payroll tax cut, sends to Obama

WASHINGTON (Reuters) – Congress on Friday passed legislation extending a tax cut for 160 million workers through December and continuing long-term jobless benefits, handing President Barack Obama a major victory in this election year. In two quick bipartisan votes, the House of Representatives passed the measure 293-132, and minutes later the Senate passed it 60-36. [...]