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President Obama is supporting a plan by Senate Democrats to extend the current payroll tax cut for employees and employers. The tax cut, which is set to expire at the end of the year, would be offset with a two percent surtax on incomes of $1 million or more.
President Obama is supporting a plan by Senate Democrats to extend the current payroll tax cut for employees and employers. The tax cut, which is set to expire at the end of the year, would be offset with a two percent surtax on incomes of $1 million or more.