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.”
Lawmakers won’t start debating whether to extend the cuts, which expire Dec. 31, until after the Nov. 2 elections.
Answer by Anouck at 1:08 PM on Oct. 27, 2010
Answer by urkiddingright at 1:11 PM on Oct. 27, 2010
Answer by CCMami at 1:11 PM on Oct. 27, 2010
I don't get a paycheck, but I have to think of how negatively this will effect a huge portion of middle and lower class workers that are already hanging on by just a thread. It will be an adjustment if DH's check is smaller, but we aren't hanging on by a thread. Yet, anyhow.
Answer by QuinnMae at 1:12 PM on Oct. 27, 2010
Yes, I would be. Matter of fact, I'd rather they didn't extend ANY of the tax cuts, than extend them for the ultra-rich, too.
That is the dumbest thing I've ever heard a housewife say.
Talk about cutting your nose off to spite your face.
You are obviously a Democrat and will be chit out of luck next Wednesday morning.
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