Categorized | National News

Congress Sends Payroll Tax Cut Bill To Pres. Obama

WASHINGTON — Congress on Friday approved legislation renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Barack Obama’s jobs agenda in a rare burst of Washington bipartisanship.

The Senate approved the $143 billion measure on a bipartisan 60-36 vote minutes after the House approved it by a sweeping 293-132 vote. Pres. Obama is expected to sign it shortly after returning from a West Coast fundraising swing.

Under the bill, workers would continue to receive a 2 percentage point increase in their paychecks, and people out of work for more than six months would keep jobless benefits averaging about $300 a week, steps that Pres. Obama says will help support a fragile recovery from the worst economic downturn since the Great Depression.

It would also head off a steep cut in reimbursements for physicians who treat Medicare patients.

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