Panel Completes Last Details of Tax Cut Extension - NYTimes.com: "Under the agreement reached by House and Senate negotiators, the current reduction in the employee’s share of the Social Security payroll tax — to 4.2 percent of wages, from 6.2 percent — would be continued to the end of the year. Revenue lost to the Social Security trust fund would be fully replaced with money from the general fund of the Treasury.
For a worker with annual earnings of $50,000, the payroll tax holiday would increase take-home pay by $1,000 over the course of the year."
'via Blog this'
Let's not applaud until the deed is done
There are outliers who would bring this down
Pray that the better angels will have won
Then wait for the result to come aroound
