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
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
 
Comments
comments powered by Disqus