Payroll Tax Cut Extension – Maybe today!

by Roger Chartier.

Payroll Tax Cut Extension

Fingers crossed my friends because today we will know if a bipartisan withholding tax cut deal will go through Congress and get onto the President’s desk..

The $146 million plan will be extended for the remaining 10 months of the year.
It will not include a fee cut for doctors taking medicare payments.
President Obama said  “I urge Congress to pass this agreement so that the payroll tax cut we put in place last year will not expire at the end of this month,”
If this doesn’t pass as expected then the tax cut will expire at the end of February.

President Obama would sign it as soon as he gets it and the issue will stop being in the way of other discussions that need attention.


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