Friday, December 2, 2011

Payroll Tax Cut Extension Rejected In Senate Vote

Payroll Tax Cut Extension Rejected In Senate Vote

The Senate failed Thursday to pass an extension of a payroll tax cut, leaving in limbo a break that saved working class households about $1,000 a piece this year.

Democrats sought to extend and expand the break, while paying for it with a 3.25 percent surtax on incomes over $1 million. Just one Senate Republican, Maine's Susan Collins, voted for the middle class break, which died 51 to 49 in a filibuster. Three Democrats opposed the bill.

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