Minnesota U.S. Senator Al Franken (D-St. Paul) is calling for an extension of the payroll tax holiday. The law that lowered the payroll tax from six-point-two to four-point-two percent expires in January.
Franken says it benefits mostly middle and low-income working Americans. He says he hopes Congress can come to a bipartisan agreement to keep the payroll tax holiday in place for another year.
Some lawmakers in Washington claim tax cuts for employees do less to stimulate the economy than tax breaks for employers. But Franken argues the payroll tax reduction creates demand for goods which creates jobs.
