Employers in the U.S. are starting to warn their workers to prepare for slimmer paychecks if Congress fails to vote on an extension of Bush-era tax cuts. “I’ve been doing payroll for probably close to 30 years now, and never have we seen something like this where it gets that down to the wire,” said Dennis Danilewicz, who manages payroll services for about 14,000 employees at New York University’s Langone Medical Center. “That’s what’s got a lot of people nervous. All we can do is start preparing communications with a couple of different scenarios.” Read more here:
Tax Tables Turn: Less Take Home Pay Looming
Posted by
Jim Spence
on Wednesday, October 27, 2010
Labels:
Economics,
U.S. Politics
1 comments:
It'll be interesting to see if the lame duck losers in next week's election decide to leave office without extending the Bush tax cuts. Allowing the Bush tax cuts to expire will be the moral equivalent of spitting in the American voters face. There's no doubt in my mind they'll spit in our face and hope that by 2012 we'll have forgotten. Listen up Democrats, WE WILL NOT FORGET!
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