Congress Sends Payroll Tax Cut to Obama's Desk

House, Senate easily approve extension
By Newser Editors and Wire Services
Posted Feb 17, 2012 11:41 AM CST
Congress Sends Payroll Tax Cut to Obama's Desk
House Speaker John Boehner of Ohio talks about an accord on the payroll tax cut negotiations Thursday.   (AP Photo/J. Scott Applewhite)

No last-minute Capitol Hill surprises: Congress today passed legislation renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Obama's jobs agenda in a rare burst of Washington bipartisanship. The Senate approved the $143 billion measure by a 60-36 vote. That tally came minutes after the House approved it by a sweeping 293-132 vote. Obama is expected to sign it into law shortly after returning from a West Coast fundraising swing.

Under today's measure, workers would continue to receive a 2-percentage-point increase in their paychecks, and people out of work for more than six months would keep jobless benefits averaging about $300 a week. It would also head off a steep cut in reimbursements for physicians who treat Medicare patients. Click to read how the bill might result in ... faster Internet connections. (Read more payroll taxes stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X