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.
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...
WASHINGTON, March 1 (Reuters) - U.S. consumer spending rose in January as Americans spent more on services, with savings providing a cushion after i...
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...
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?
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...
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...
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...
Matt Yglesias highlights this infographic from a Wall Street Journal article that endeavors to explain how the fiscal cliff resolution will impact tax...
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...
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...
WASHINGTON -- The conventional wisdom on the White House's opening offer to resolve the fiscal standoff treats one particular element of that offer --...
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...
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.
WASHINGTON -- House Republicans on Monday introduced a counter-offer to President Barack Obama's proposed solution to the so-called fiscal cliff, trum...
One of the most troubling aspects of the current tax debate has been that policymakers have almost completely ignored the about-to-expire payroll tax cut. Not any more.
WASHINGTON -- For the past two years, U.S. workers have enjoyed a 2 percentage-point increase in take-home pay thanks to a payroll tax reduction trump...