Local treasurers should note that employees will continue to receive the benefit of reduced payroll taxes and access to extended unemployment benefits under legislation signed by President Barack Obama on Feb. 22.
That law, the Middle Class Tax Relief and Job Creation Act of 2012, maintains a reduction in the social security payroll tax on employees, and the corresponding tier I payroll tax rate on railroad employees, of two percentage points.
It also provides that out-of-work members can obtain extended unemployment benefits through the end of calendar year 2012.
To view the U.S. tax amounts and percentages for 2012, click here.
Related News
- DOGE To Close Seven RRB Regional Offices
- From Safety to Sisterhood, April Ford Makes an Impact on Wyoming’s Working Families
- Utah Abandons Rail Safety Office, Repeal Puts Lives at Risk
- Train Heists Continue in Arizona
- Snipers test bulletproof barriers for SEPTA: SMART-TD was there
- Thursday Arrangements Scheduled for Former New England Safety & Legislative Director
- UPDATE: Arrangements Announced for Brother Dan Bonawitz’s Celebration of Life
- BTAPS expands safety push to all 50 states with new legislative tech
- Rail Safety Battle Continues in Colorado Legislature
- Call for photos: “From America’s roads to rails, we want to see your best shots!”