Unemployment Insurance (UI) and Payroll Tax Reduction At the last moment, in December, Congress passed legislation continuing unemployment benefits to the long-term unemployed and the reduction in payroll taxes paid by workers. However, this legislation continues UI and the Payroll Tax benefit only until February 29, 2012.
A Conference Committee has been named to work on a bill to extend the two-month provisions throughout 2012. Members of the Committee are:
Max Baucus (MT)
Jack Reed (RI)
Ben Cardin (MD)
Bob Casey (PA)
Van Hollen (MD)
The conference committee will focus on H.R. 3630, the “Middle Class Tax Relief and Job Creation Act” that was the basis for the debate in the House and Senate last year, and will try to come to a compromise bill to extend Unemployment Insurance , Payroll Tax cuts, and other provisions through 2012.
The House version of H.R. 3630 (passed the House in mid-December) contains harsh elements particularly affecting lower wage and older laid-off workers.