The payroll tax holiday is the silliest idea in this triptych of terrible tax policy.
The House back-benchers now demand a one year extension of the payroll tax holiday.
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Why the shift away from Making Work Pay and towards the payroll tax holiday?
At that time, the Bush tax cuts will expire and the payroll tax holiday will end.
There is a separate argument about how to pay for extending the payroll tax holiday.
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The payroll tax holiday will expire, and that rate will rise to 6.2% from 4.2%.
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Congress has been signaling for months that they would not extend the payroll tax holiday.
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Mark Zandi, head of Moody's Economy.com, favoured more help for the jobless and a payroll tax holiday.
You already know where I stand on this: I think the payroll tax holiday is wasteful and confusing.
House Republicans yesterday voted down the Senate's two-month extension of the two-percentage-point payroll tax holiday to 4.2% from 6.2%.
Last year, Congress voted in a payroll tax holiday to replace the expiring Making Work Pay Credit.
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That said, for one year only, in 2011, there is a payroll tax holiday, which reduces payroll tax contributions.
The deciding question determining whether a payroll tax holiday raises or lowers unemployment is that of who bears the tax.
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Workers have already experienced a 2% average cut in their take-home pay, due to the expiry of the payroll tax holiday.
The payroll tax holiday was meant to last only one year and take the place of the Making Work Pay Credit.
In its own broader proposal for a payroll tax holiday, the Obama administration took a serious stab at curbing this problem.
President Obama's payroll tax holiday expires at the end of this year.
In terms of your pockets, however, the dip might not be noticeable since the payroll tax holiday would also be eliminated.
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And most of them would likely be better off if Congress extends the payroll tax holiday than if it eliminates their investment taxes.
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You talked about the payroll tax holiday and possibly extending that.
Senate Republicans, meanwhile, pushed for more tax cuts, such as a one-month Social Security "payroll tax holiday" for employers and employees, and tax cuts for businesses.
Some pundits see the possibility of a grand compromise after the election wrapping in the debt limit, expiration of Bush tax cuts, the payroll tax holiday and budget sequestration.
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The President also proposed a full payroll tax holiday on any increase in payroll for firms that hire new workers, providing millions of businesses an incentive to create new jobs.
The second way a payroll tax holiday is supposed to stimulate the economy is by making labor less expensive to hire, thus leading to additional hiring, more output, and increased incomes.
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No extension of unemployment insurance or payroll tax holiday.
Mostly this is because the payroll tax holiday expires.
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Some 750, 000 of those jobs are supposed to appear merely from extending the payroll tax holiday for workers, giving them more money to spend on, say, hotels or restaurants or bowling alleys.
As of Thursday afternoon, The Washington Post reports, the administration is now considering a temporary payroll tax holiday and a permanent extension of the research and development tax credit, both of which would make businesses very happy.
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