Payroll tax cut has to be decided soon

  1. Jeffhdsn profile image59
    Jeffhdsnposted 4 years ago

    The do nothing Congress has to decide by end of February whether to extend the 2% social security payroll tax cut that was originally designed to last for one year(2011).  Can Congress get it together long enough to reach a compromise and extend the cut until the end of the year or will this be the launchpad for GOP and Democrats for the November election?  Should this payroll tax cut be extended?

    Other issues that are related to this bill are possibly cutting medicare payments to doctors by 27% and extending the unemployment compensation and for how many months. All tax cuts have to be paid for, does anybody think the Congress can get this done in two weeks?