Payroll Tax Cut
Veteran Republican Senator John McCain of Arizona commented on numerous issues on the CBS Early show Thursday morning
The odds of your paycheck getting smaller next year just a got a lot greater.
Eleven lawmakers missed the House vote that rejected Senate legislation to extend a payroll tax cut and unemployment benefits for two months.
In just more than three weeks, your paycheck will be two percent smaller. That is the amount you will lose if Congress fails to extend the payroll tax cut.
The Senate is preparing to vote on a measure that would extend a current payroll tax into next year.