Payroll tax holiday under discussion

[Skip to the end]

Obama, Democrats Reshape Tax Relief Measures in Stimulus Package

by Katherine Skiba

Jan 13 (US News) — Senate Minority Leader Mitch McConnell of Kentucky said an idea that emerged during the GOP senators’ lunch today was a two-year suspension of the payroll tax. “It would put a lot of money back in the hands of businesses and in the hands of individuals,” McConnell said. “Republicans, generally speaking, from Maine to Mississippi, like tax relief.”