Washington Watch - December 7, 2011

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Washington Watch - December 7, 2011

Fast Facts: The Payroll Tax Cut

The showdown between Democrats and Republicans continues over the payroll tax cut that expires on December 31st. Both parties want the tax breaks to extend through next year. Senate Democrats and President Obama would like to cut the payroll tax from 4.2% down to 3.1%.

Read more here:

NASE: Extend The Payroll Tax Cut To Employers

As the U.S. Senate prepares to debate another payroll tax extension proposal, Kristie Arslan, President & CEO of the NASE, encourages our policymakers to put partisan politics aside and pass the payroll tax extension:

“It is important that our nation’s smallest businesses have the tools and resources they need to serve the American consumer this Holiday season and beyond. Passing the payroll tax extension will put that extra savings in the pockets of not only consumers, but also in the pockets of the self-employed and micro-businesses who serve as employer and employee. This relief can help pay for additional supplies, phone lines and online advertising for small businesses that continue to struggle as the economy falters.

Read the rest of the statement here.

Congress Mulls Spending Bills

The House is hoping to wrap up 2012 appropriations bills, working Wednesday to complete conferencing on a defense bill. The bill will be a vehicle for nine other spending measures which the House plans to try to pass all at once. Speaker John Boehner (R-Ohio) has expressed hope that these bills will pass as-is, instead of having to result in a temporary extension.

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Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.

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