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WASHINGTON D.C. — U.S. Senator Bob Casey says the 2 percent payroll tax cut extention currently being debated in Congress would save the average Pennsylvanian worker “Hundreds and hundreds and hundreds of dollars” per year.
In anticipation of the second meeting of the Payroll Tax Cut Conference Committee, Casey, who is also the chairman of the Joint Economic Committee (JEC), released a new JEC report detailing how much money would stay in the pocket of one and two-earner families at a county level based on median wage and salary income per worker.
“As we prepare for the next meeting of the payroll conference committee, this report underscores the need to get this done,” said Senator Casey. “The payroll tax cut helps middle class families buy groceries, gas and other goods which in turn helps to bolster the recovery. I remain committed to reaching a bipartisan compromise that protects working families and provides more take-home pay for 160 million Americans”
The report, entitled “Keeping More Money in the Pockets of American Families: County-Level Data of Savings by Extending the Payroll Tax Cut,” illustrates the impact on a family that consists of two earners who make the median wage and salary within the county. It includes a county-by-county breakdown of the additional take-home pay one and two-earner households will receive if the payroll tax is extended through the end of 2012.
Statewide, where the the median income is $29,618 per worker, a person earning that amount would hold onto $494 over the course of the year.
Locally, Wayne County’s median wage earner makes $25,546, and could expect to keep $426. Pike County’s median income is $29,936, which would mean workers making that sum would keep $499. In Susquehanna County, where the median income is $24,614, $410 would remain in the worker’s pocket.
WASHINGTON D.C. — U.S. Senator Bob Casey says the 2 percent payroll tax cut extention currently being debated in Congress would save the average Pennsylvanian worker “Hundreds and hundreds and hundreds of dollars” per year.
In anticipation of the second meeting of the Payroll Tax Cut Conference Committee, Casey, who is also the chairman of the Joint Economic Committee (JEC), released a new JEC report detailing how much money would stay in the pocket of one and two-earner families at a county level based on median wage and salary income per worker.
“As we prepare for the next meeting of the payroll conference committee, this report underscores the need to get this done,” said Senator Casey. “The payroll tax cut helps middle class families buy groceries, gas and other goods which in turn helps to bolster the recovery. I remain committed to reaching a bipartisan compromise that protects working families and provides more take-home pay for 160 million Americans”
The report, entitled “Keeping More Money in the Pockets of American Families: County-Level Data of Savings by Extending the Payroll Tax Cut,” illustrates the impact on a family that consists of two earners who make the median wage and salary within the county. It includes a county-by-county breakdown of the additional take-home pay one and two-earner households will receive if the payroll tax is extended through the end of 2012.
Statewide, where the the median income is $29,618 per worker, a person earning that amount would hold onto $494 over the course of the year.
Locally, Wayne County’s median wage earner makes $25,546, and could expect to keep $426. Pike County’s median income is $29,936, which would mean workers making that sum would keep $499. In Susquehanna County, where the median income is $24,614, $410 would remain in the worker’s pocket.
