Friday, August 5, 2011

Payroll Tax Cut Idea Joins Debt Talks

Friday, August 5, 2011

President Barack Obama is considering how strongly to push for extending a payroll-tax break for workers and creating a new tax break for employers to jump-start the economy, reflecting White House concerns about joblessness but also complicating efforts to rein in the federal deficit.

White House officials brought up the ideas during closed-door debt talks Tuesday with a bipartisan group of lawmakers, people familiar with the meeting said. They told the lawmakers that the White House would be open to payroll tax breaks for employers and employees, sending a clear signal that fresh concerns over slowing job growth have spilled ...



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