KBTX | Bryan & College Station, TX | News, Weather, Sports

Obama Finally Scores Coveted Win on Payroll Tax

By: Associated Press
By: Associated Press

The $143 billion payroll tax cut won by President Barack Obama may be the last significant measure he receives from a deeply divided Congress as Election Day approaches.

Obama's coveted renewal of the payroll tax cut for 160 million workers and jobless benefits for millions more caps a five-month campaign-style drive against reluctant GOP lawmakers.

Under the bill, workers will continue to receive a 2 percentage point increase in their paychecks, and people out of work for more than six months will keep jobless benefits averaging about $300 a week.

Obama says these steps will help support a fragile recovery from the worst economic downturn since the Great Depression.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 139570693