Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

QUICK TAKE: Collins, McCaskill Offer Payroll-Tax Cut Proposal -- Report QUICK TAKE: Collins, McCaskill Offer Payroll-Tax Cut Proposal -- Repor...

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Congress / CONGRESS

QUICK TAKE: Collins, McCaskill Offer Payroll-Tax Cut Proposal -- Report

photo of Julia Edwards
December 6, 2011

With both parties unable to reach agreement on extending the payroll tax cut, Sens. Susan Collins, R-Maine, and Claire McCaskill, D-Mo., offered up a bipartisan compromise that would pay for the cut with a 2 percent surtax on millionaires, The New York Times reports.

Small-business owners who report business income on personal tax returns would be shielded from the surtax, a protection which Collins called "potentially a breakthrough."

The proposal would extend -- but not expand -- the current payroll-tax holiday for employees and cut taxes for employers as well.

Job Board
Search Jobs
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
Application Engineer/Developer INTERN - Complex Fluids
American Society of Civil Engineers | Brisbane, CA
Application Engineer - Internships CAE/CFD Metro Detroit
American Society of Civil Engineers | Livonia, MI
Chief Geoscientist
American Society of Civil Engineers
Application Engineer - Internships CAE/CFD Metro Boston
American Society of Civil Engineers | Burlington, MA
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Civil Enginering Intern - Water/Wastewater/Site-Development
American Society of Civil Engineers | Sacramento, CA
Staff Accountant
American Society of Civil Engineers | Englewood, CO
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
 
Comments
comments powered by Disqus