Payroll tax

• Unfortunately the senate passed a bill that will keep the payroll tax rates on social security at 4.2 percent. While numerous Americans who owe tax debts and rely on their social security will continue to see even more garnishments.
(YAHOO!)
• The House effectively adjourned for the year following the vote, and with the Senate out of town for the holiday, there is no resolution in sight on a legislative battle waged by House Republicans over the length of the benefits extension.
(USA Today)
• Dec. 20 (Bloomberg) -- Payroll processors are warning that a two-month payroll tax-cut extension passed by the U.S. Senate would be difficult to implement.
(Businessweek)
• Is he right? Over to you, WSJ: GOP Senate leader Mitch McConnell famously said a year ago that his main task in the 112th Congress was to make sure that President Obama would not be re-elected.
(Hotair.com)
• The House is gone, mostly. The Senate vows not to return. And President Obama is home in Washington while his family vacations in Hawaii, hoping for some kind of agreement between the two that he can sign.
(Washington Post)
• In two weeks, the payroll tax cut that has saved workers an average of $1,000 this year will expire -- unless lawmakers in the next few days do what both parties swear they want to do and extend it.
(Yahoo Finance)
• House Republicans dug in for a year-end standoff Tuesday, scuttling a temporary extension to a payroll-tax break that President Barack Obama called the only viable way to prevent a New Years tax increase.
(Wall Street Journal)