On December 6, 2010, President Obama announced an agreement with the GOP to extend tax cuts for all taxpayers for 2 years. This plan would also provide for a 1-year payroll tax cut, an extension of the enhanced Earned Income Credit, a 1-year, 2% reduction in Social Security tax (6.2% to 4.2%), and more. In addition, federal unemployment benefits will be extended through 2011.
ADP has partnered with CCH to provide a legislation update on the highlights of this important agreement for you.
ADP has partnered with CCH to provide a legislation update on the highlights of this important agreement for you.
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