Democrats to introduce bill to extend payroll tax cut

Published Updated 4 Min Read

Senate Majority Leader Harry Reid (D-Nev.) said Monday that he plans to introduce legislation this week that would extend the payroll tax cut that is due to expire at the end of the year.

The tax-cut extension would be offset with a surtax on millionaires, setting up a battle with Republican lawmakers who are opposed to any tax increases.

Michael Cohn
Editor-in-chief, AccountingToday.com

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for … Read full bio


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