Social Security Payroll Tax Reduction To End Soon | WAMU 88.5 - American University Radio
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Social Security Payroll Tax Reduction To End Soon

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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.
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