(Reuters) – Congress, after months of bitter fighting, is poised on Friday to pass a payroll tax cut extension that President Barack Obama argues is vital to the health of the economy. The legislation would continue for two months a 4.2 percent payroll tax rate that otherwise would expire on December 31 and ratchet up to 6.2 percent for 160 million American workers. “I congratulate members of Congress for ending the partisan stalemate,” said Obama. …

Quoted from Congress poised to pass payroll tax cut deal on Yahoo! News – Latest News & Headlines

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