As we already know, the 2% payroll tax cut for employees is scheduled to expire on February 28th. On Monday, the House Republican leaders said that they will support extending the federal payroll tax holiday through the end of the year without demanding spending cuts to pay for it. This concession is aimed at averting another politically damaging showdown in Washington and should clear the way for passage of this provision. We will keep you posted as this matter progresses.
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