Senate Approves Short-Term Extension Of Payroll Tax Cut | WAMU 88.5 - American University Radio

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Senate Approves Short-Term Extension Of Payroll Tax Cut

The Senate has passed a two-month extension of the Social Security payroll tax cuts, and has agreed to continue jobless benefits for the long-term unemployed, reports the Associated Press.

Democratic and Republican leaders went with a short-term extension after failing to agree on big enough spending cuts to pay for a full-year renewal of the payroll tax cut. According to AP, the 2-percentage point tax cut affects 160 million taxpayers, and the weekly jobless payments average about $300 for millions of people who have been out of work for six months or more.

The measure was approved by an 89-10 vote.

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