Congress Acts to Extend Aid to Jobless and Payroll Tax Cut

" A compromise allowing the extension of the tax holiday for the rest of the year came together quickly this week, as Republicans decided it was not politically viable to resist in an election year. It avoided an abrupt increase in payroll taxes that would have taken effect March 1, returning them to the level of 2010. The taxes are withheld from the paychecks of most wage earners and finance the Social Security system. "

rest http://www.truth-out.org/congress-acts-extend-aid-jobless-and-payroll-tax-cut/1329503443