Notes on Napkins

futuremajority:

This week, leaders in the House and Senate are debating whether to extend the payroll tax cut for workers in 2012. If Congress doesn’t vote in favor of extending the tax cut, employees will begin paying a 6.2 percent tax on their wages in January, up from 4.2 percent this year.

So, what does that mean for young Americans? A lot. 45 million young workers pay payroll taxes, and could get significantly less earnings in their paycheck if the tax break is not extended.

FutureMajority