WAMU 88.5 - American University Radio
Now Playing

Social Security Payroll Tax Reduction To End Soon

Many Americans could see a bigger bite out of their paychecks unless Congress votes to continue the suspension of the Social Security payroll tax. The tax holiday, enacted to stimulate people to spend money in a bad economy, is scheduled to expire at the end of this year. Senate Democrats plan to try to extend the tax break and pay for it by charging a new tax on the very wealthy.