House Speaker John Boehner said he's confident that Republicans and Democrats in Congress will agree to a payroll tax-cut extension supported by President Barack Obama.
"We are in a formal conference with the Senate, and I'm confident that we'll be able to resolve this fairly quickly," Boehner, an Ohio Republican, said on ABC's "This Week" program yesterday.
A short-term extension of the payroll tax cut expires Feb. 29, and the president is seeking to have it extended until the end of 2012. Unless Congress acts, the 2 percentage point payroll tax-break for employees will lapse, as will emergency unemployment benefits.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
