Opens in a new tab

House demands payroll tax cut conference with Senate. Now what?

December 20, 2011

The House, along a mostly party-line 229-to-193 vote, agreed to a conference committee with the Senate to work on how to extend the payroll tax rate cut and other laws that expire on Dec. 31.

House vote on GOP payroll tax HR 3630

Good luck with that.

The House Republican leadership refused to let the full body vote on the Senate bill, using procedural methods to instead to put only the question of a conference committee for the dueling bills to the members.

After that vote, the House Democratic leadership reportedly will not appoint conferees.

Even if a full bipartisan slate of Representatives is named to meet with Senators, the Senate has recessed and leaders there vow not to return to D.C. this session.

Will the payroll tax cut, along with Medicare payments for doctors and unemployment benefits, eventually be agreed to by Congress?

Probably. As is painfully obvious, 2012 is an election year.

But when in 2012 the extension will occur is the $64 gazillion question.

You also might find these items of interest:

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
Getting ready for the year-end tax countdown

October 17, 2026

Just 2½ months left in 2026. Time to start making tax plans and moves to…

Read More
TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
Leave the first comment