U.S. Payroll-Tax Cut is Expected to Expire at Year End

Monday, Oct. 1, 2012

A temporary payroll-tax cut adopted to boost U.S. economic recovery likely will be allowed to expire at year-end, regardless of the outcome of the presidential election. The White House isn't pushing for an extension; Treasury Secretary Timothy Geithner told Congress it should end; and many Republicans opposed the measure when it passed last year.

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