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Payroll Tax Cut

Obamacare Just Made Americans Richer Without Anyone Noticing

Huffington Post | Kevin Short | Posted 03.05.2014 | Business

Glenn Beck once said Obamacare would mean "the end of prosperity in America forever." But so far, it turns out President Obama's 2010 health law is ac...

Congress Must Extend Unemployment Insurance: Here's Another Reason Why

Chuck Marr | Posted 02.04.2014 | Politics
Chuck Marr

We and others warned a year ago that letting the payroll tax expire would hurt the economy.  Policymakers ignored those warnings, and in a new analys...

Unemployment and "Fundamental" Tax Reform

Stephen Kent | Posted 11.09.2013 | Politics
Stephen Kent

When Congress comes back next week, Washington will increasingly focus on what it calls "fundamental" tax reform. But it won't be entertaining reform capable of fundamentally shifting employment patterns and generating the jobs we need.

Salaried Employees Will Earn 2 Percent Less Per Paycheck in 2013 | Posted 07.15.2013 | Small Business

Americans saw a payroll tax increase on January 1, 2013, due to the expiration of the payroll tax holiday, a temporary tax break voted into law in the hopes of stimulating the economy.

Survey Finds Tax Hike Fears Overrated

The Huffington Post | Bonnie Kavoussi | Posted 03.26.2013 | Business

The payroll tax hike may not be derailing the economic recovery after all. Forty-eight percent of Americans did not even notice the Jan. 1 payroll ...

Mark Gongloff

Here's Proof That Austerity Is Already Here | Mark Gongloff | Posted 03.01.2013 | Business

As you have probably heard, today is Sequester Day, when the Austerity Badger sneaks into America and sets our money on fire. In truth, austerity is h...

Income Posts Largest Drop In 2 Decades

Reuters | Posted 05.01.2013 | Business

WASHINGTON, March 1 (Reuters) - U.S. consumer spending rose in January as Americans spent more on services, with savings providing a cushion after i...

Walmart Exec Warns: Low-Income Shoppers Are Getting Squeezed

HuffPost/AP | Posted 02.21.2013 | Business

NEW YORK — Wal-Mart Stores Inc. offered a weak business outlook Thursday as new economic challenges for its low-income shoppers start to take a toll...

Fast Food Executives' Dire Warning

Reuters | Posted 04.21.2013 | Business

(Repeats without changes to headline or text) * Payroll tax rise, pump prices crimp spending * Wal-Mart, Burger King, Kr...

Raise the Minimum Wage or Cut Low-Wage Taxes?

Mary Manning Cleveland | Posted 04.19.2013 | Business
Mary Manning Cleveland

President Obama just called for an increase in the federal minimum wage from $7.25 to $9.00 an hour. Yet he made no effort to save the "temporary stimulus" 2% payroll tax cut. So what's better for low-wage workers: an increase in the minimum wage or a decrease in payroll taxes?

What Stands In The Way Of A Minimum Wage Increase

The Huffington Post | Caroline Fairchild | Posted 02.13.2013 | Business

The payroll tax increase that went into effect at the beginning of the year stands to offset significantly the President's proposal to raise the feder...

Apple's Festering Worm

The Huffington Post | Jillian Berman | Posted 02.08.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

What To Bring To Your Tax Appointment

The Huffington Post | Posted 02.04.2013 | Business

Tax Document Checklist: What Do I Need to Bring to my Tax Appointment? via H&R Block...

Zach Carter

Austerity Politics Puts U.S. On 'Precipice Of Recession' | Zach Carter | Posted 01.30.2013 | Politics

WASHINGTON -- Lawmakers were stunned Wednesday to learn that the U.S. economy officially dove toward a double-dip recession at the end of 2012, contra...

Jason Linkins

The Wall Street Journal Doesn't Actually Know Any Middle-Class Americans | Jason Linkins | Posted 01.16.2013 | Politics

Matt Yglesias highlights this infographic from a Wall Street Journal article that endeavors to explain how the fiscal cliff resolution will impact tax...

Why You Can Expect Your 2013 Paychecks to Be Smaller Than 2012's

Adrian Nazari | Posted 03.17.2013 | Business
Adrian Nazari

Consumers may get a small shock when they get their first paycheck on the 15th this year. Why? The social security tax increase was not included in th...

Yes, Your Paycheck Really Is Shrinking

Reuters | Posted 03.15.2013 | Business

* Payroll tax hike could suck $125 billion from households * Higher taxes to keep economic growth lackluster * Americans...

Why Your Boss Is Dreading Pay Day (And Why You Should Be Too)

Posted 01.04.2013 | Small Business

Bosses around the country are dreading pay day thanks to the fiscal cliff deal brokered by Congress on Tuesday. As part of the deal, politicians le...

Dave Jamieson

Working Poor Get Raw 'Cliff' Deal | Dave Jamieson | Posted 01.02.2013 | Politics

WASHINGTON -- Many of the nation's poorest workers were looking forward to a modest pay hike on New Year's Day, when 10 states implemented higher mini...

Your Salary Is About To Shrink

The Huffington Post | Catherine New | Posted 12.31.2012 | Business

At the stroke of midnight, your effective salary will shrink. Starting Tuesday when the payroll tax break expires, around 160 million American work...

Some Republicans Signal Willingness To Back Obama Proposal

Reuters | Posted 02.11.2013 | Politics

* These include some who opposed extension last year * This year's fiscal cliff forces a second look By Rachelle Youngla...

Sam Stein

White House Serious About Stimulus In Fiscal Cliff Deal | Sam Stein | Posted 12.11.2012 | Politics

WASHINGTON -- The conventional wisdom on the White House's opening offer to resolve the fiscal standoff treats one particular element of that offer --...

Emily Swanson

Americans Favor Major Obama Fiscal Cliff Ideas: Poll | Emily Swanson | Posted 12.07.2012 | Politics

Americans across the political spectrum would like the payroll tax cut to be extended as part of a budget deal, and many would support the new infrast...

How Many Workers in Each State Would Benefit From Extending the Payroll Tax Cut?

Chye-Ching Huang | Posted 02.02.2013 | Politics
Chye-Ching Huang

Now that President Obama has made the payroll tax cut -- which expires at the end of the month -- part of the tax debate, let's look at how many workers have a direct stake in extending it for one more year. 

Sam Stein

Republicans Put Fiscal Cliff Offer On The Table | Sam Stein | Posted 12.03.2012 | Politics

WASHINGTON -- House Republicans on Monday introduced a counter-offer to President Barack Obama's proposed solution to the so-called fiscal cliff, trum...