KTVN Channel 2 - Reno Tahoe News Weather, Video - Payroll Tax Cut Extension Just Waiting for President's Signature

Payroll Tax Cut Extension Just Waiting for President's Signature

Posted: Updated:

WASHINGTON (AP) -- Congress has passed legislation renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Barack Obama's jobs agenda in a rare burst of Washington bipartisanship. 

The Senate approved the $143 billion measure by a bipartisan 60-36 vote. That tally came minutes after the House approved it by a sweeping 293-132 vote.  

Obama is expected to sign it into law shortly after returning from a West Coast fundraising swing. 

Under Friday's measure, workers would continue to receive a two percentage point increase in their paychecks and people out of work for more than six months would keep jobless benefits averaging about $300 a week. It would also head off a steep cut in reimbursements for physicians who treat Medicare patients.

Powered by WorldNow
All content © Copyright 2000 - 2012 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service. EEO Report Forms: A, C, H. Organizations can request to be notified of all KTVN job openings. Please click here.