The payroll tax holiday was enacted in 2011, which reduced the employee share of the Social Security payroll tax from 6.2 percent to 4.2 percent. The holiday was not renewed when it expired at the end of 2012 due to Republican's opposition.
The payroll tax holiday was enacted in 2011, which reduced the employee share of the Social Security payroll tax from 6.2 percent to 4.2 percent. The holiday was not renewed when it expired at the end of 2012 due to Republican's opposition.
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