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
- Members of GO-953 ratify historic tentative agreement with Union Pacific
- A Memorial Day message from TD President Jeremy Ferguson
- Nevada members: Let Gov. Lombardo know he should sign rail safety bill!
- GO-851 and GO-513 reach tentative agreement with CSX with paid sick days
- Minnesota governor signs omnibus bill, making two-person freight crews law
- Input needed for union’s FTA bus operator safety comment
- Railroad Retirement Board statements of service being issued
- SMART-TD takes lead during ‘Railroad Safety Day’ on Capitol Hill
- Registration for annual SMART Leadership Conference now open for TD officers
- Watch: Local sheet metal unions win back pay for wage theft and worker misclassification