Payroll Tax is Set to Rise as Congress Goes Home for Holidays

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The federal payroll tax is set to increase in less than two weeks after Congress failed to reach a compromise to extend a tax cut. The House refused to pass a Senate bill to extend the cut for two months, continue unemployment benefits for the long-term unemployed and stop a reduction in Medicare payments to doctors.

All kinds of details can be found at these articles from

The Washington Post and the

Los Angeles Times

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