Congress Passes Another Extension on the Payroll Tax
Congress has managed to work together and to pass legislation that extends the payroll tax cut. This is about more than the payroll tax, however. It also affects the Medicare reimbursement rate for doctors, and unemployment insurance benefits for people who haven’t been able to find employment. This is not the first extension that Congress has passed regarding the Medicare reimbursement cut, the payroll tax, and the length of unemployment insurance benefits. There was a last minute extension that happened right before Christmas of 2011. At that time, the Senate had passed an extension for those things, and the House … Continue reading