Published on Dec 19, 2011 by Euronews
http://www.euronews.net/ A tax concession for 160 million US workers is in doubt because of strong opposition from Republicans in the lower house of Congress.
Despite the fact that over the weekend the upper house, the Senate, overwhelmingly voted to delay until February an increase in that payroll tax -- which goes towards pension provisions.
Without congressional action the tax workers pay into the Social Security federal retirement programme will rise to 6.2 percent on Jan. 1, from 4.2 percent.
Despite the fact that over the weekend the upper house, the Senate, overwhelmingly voted to delay until February an increase in that payroll tax -- which goes towards pension provisions.
Without congressional action the tax workers pay into the Social Security federal retirement programme will rise to 6.2 percent on Jan. 1, from 4.2 percent.
No comments:
Post a Comment