Congress

12:47am

Wed September 5, 2012
It's All Politics

Payroll Tax Holiday May Not Survive Year's End

Originally published on Wed September 5, 2012 2:46 am

The Social Security tax rate is scheduled to revert to 6.2 percent next year, up from the temporary reduction — to 4.2 percent on an employee's first $110,000 in wages — which has been in effect since January 2011.
iStockphoto.com

An occasional series, Fiscal Cliff Notes breaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.

If you work, you've probably been getting this tax break: Since January 2011, the government has knocked 2 percentage points off the payroll tax.

For someone making $50,000 a year, the payroll tax holiday works out to about $20 a week.

"We definitely notice it," says Steve Warner of Winter Haven, Fla., while on vacation with his family recently in the nation's capital.

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2:36pm

Wed August 29, 2012

4:34pm

Wed August 22, 2012
It's All Politics

Cut Off From Party's Purse Strings, Rep. Akin Plans Next Move

Originally published on Wed August 22, 2012 5:59 pm

Rep. Todd Akin, R-Mo., says Rep. Paul Ryan, R-Wis., the GOP vice presidential candidate, asked him to end his Senate bid after recent comments he made referring to "legitimate rape."
Jeff Roberson AP

Republican Rep. Todd Akin's decision to stay in the U.S. Senate race in Missouri is likely to leave him with support from the state's evangelical community, but not much more, says a political scientist at the University of Missouri, St. Louis.

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11:42am

Mon August 20, 2012
The Two-Way

Obama: Congressman's Rape Remarks 'Don't Make Sense,' Were 'Way Out There'

Originally published on Mon August 20, 2012 7:20 pm

Saying that the comments "don't make sense to the American people" and were "way out there," President Obama just weighed in on the controversial remarks made over the weekend by Rep. Todd Akin, R-Mo., who said in a television interview that "if it's a legitimate rape," it's rare for a woman to get pregnant and therefore want an abortion.

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6:35am

Mon August 20, 2012
The Two-Way

Congressman Who Took Nude Dip In Sea Of Galilee Apologizes

Originally published on Sun August 26, 2012 6:40 am

Rep. Kevin Yoder.
Yoder.House.gov

Saying he apologizes for "any embarrassment I have caused for my colleagues and constituents," Kansas Republican Rep.

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