Related Content: payroll tax cut

While Washington Fights, Your Taxes Set to Rise

On The Radar

WSJ's David Wessel offers analysis of Washington's battle over payroll tax reductions as Social Security tax increases are slated to kick in at the end of December.

 

Payroll tax break: Extension proposals from both parties fail in Senate

On The Radar

The Senate late Thursday rejected competing partisan visions for extending a temporary tax break that benefits virtually every American worker, clearing the way for more serious negotiations over how to cover the cost of the tax cut. All but a handful of Democrats voted in favor of their party’s proposal, but in a surprising turn, more Republicans voted against the GOP plan than in favor of it. Senate Minority Leader Mitch McConnell (R-Ky.) predicted this week that a majority of his conference would vote for the party’s plan to extend the payroll tax cut.

Democrats See an Advantage in Debate Over Payroll Tax

On The Radar

After struggling all year for an economic message that resonates broadly with Americans in hard times, President Obama and Congressional Democrats have settled on one they believe can carry through next year’s election as they use a fight over payroll taxes to portray Republicans as defenders of the wealthy at the expense of the middle class. With Mr.

The Tax Cut Debate: The Latest Train Wreck Waiting To Happen

Gwen's Take

As I prepared for a PBS NewsHour discussion about the prospects of extending and expanding the year-old payroll tax holiday, I knew the challenges that lay ahead. And that was before the Senate confirmed my pessimism by rejecting not one, but two, proposals to grant Americans year-end tax relief late Thursday.

This time, I hoped for a little more nuance. After all, both sides say they agree that now is not the time to allow a tax cut to lapse that has saved many families as much as $1,000 this year. Plus, the proposal now on the table would boost those savings to $1,500, while cutting payroll taxes for small businesses as well. What’s not to like at holiday time?

Congress’s Year-End Alphabet Soup

On The Radar

It’s time for jargon and acronyms, that classic end-of-the-year game on Capitol Hill where serious policy is treated as farce. Here’s an example: The fate of the SGR “fix” might or might not be tied to the timing of the AMT “patch,” and both could influence the fate of UI. Get all that? Of course you didn’t. And neither will anyone else, not until the final days of this year of daggers-drawn legislative brawling.

On payroll tax cut, Obama paints Republicans as hypocritical

On The Radar

With taxes set to rise for nearly every American worker, President Obama sought Tuesday to highlight his tax-cutting bona fides, accusing Republicans of hypocrisy if they do not agree to extend a payroll tax cut that is set to expire in January. Obama’s comments were part of an escalating White House campaign against Republicans that is painting them as defenders of the wealthy at the expense of the middle class.