BREAKING NEWS

Congress approves two-month payroll tax credit extension

By REUTERS

DECEMBER 23, 2011 17:22

WASHINGTON- The US Congress Friday completed work on a two-month extension of a payroll tax cut for 160 million American workers that otherwise would have expired on Dec. 31, wrapping up a tumultuous year of battles over spending and taxes.

The legislation now goes to President Barack Obama for signing into law. Also, congressional negotiators now will begin looking for a way to extend the lower payroll tax through 2012, as Obama has requested.

So far, Democrats and Republicans have been unable to agree on how to pay the approximately $200 billion cost of a full-year tax cut extension, along with continuing some unemployment benefits and doctor payments for Medicare healthcare patients.

Explosion seriously wounds three residents in the North

By JERUSALEM POST STAFF

05/04/2024 05:59 AM

IDF is operating north of Tulkarm, Gaza - Report

By JERUSALEM POST STAFF

05/04/2024 01:45 AM

Israel informs US about plans to begin evacuating civilians from Rafah

By JERUSALEM POST STAFF

05/03/2024 10:08 PM

Biden, Jordan's King Abdullah to meet next week in Washington

By REUTERS

05/03/2024 09:20 PM