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Congress sends payroll tax cut bill to Obama
- Thread starter Headliner
- Start date
WASHINGTON (AP) ââ¬â Congress on Friday approved legislation renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Barack Obama's jobs agenda in a rare burst of Washington bipartisanship.
Obama is expected to sign the $143 billion measure shortly after returning from a West Coast fundraising swing.
Under the bill, workers would continue to receive a 2 percentage point increase in their paychecks, and people out of work for more than six months would keep jobless benefits averaging about $300 a week ââ¬â steps that Obama says will help support the fragile recovery from the worst economic downturn since the Great Depression.
Passage of the legislation hands Obama a victory over objections from many Republicans who oppose it but were eager to wipe the issue from the election-year agenda.
Full article: http://news.yahoo.com/congress-sends-payroll-tax-cut-bill-obama-172026638.html
Obama is expected to sign the $143 billion measure shortly after returning from a West Coast fundraising swing.
Under the bill, workers would continue to receive a 2 percentage point increase in their paychecks, and people out of work for more than six months would keep jobless benefits averaging about $300 a week ââ¬â steps that Obama says will help support the fragile recovery from the worst economic downturn since the Great Depression.
Passage of the legislation hands Obama a victory over objections from many Republicans who oppose it but were eager to wipe the issue from the election-year agenda.
Full article: http://news.yahoo.com/congress-sends-payroll-tax-cut-bill-obama-172026638.html
