Payroll Tax Cut Extension
Maximum Amount:
$21.00 billion
Amount Spent:
$21.00 billion
Deficit Impact:
$21.00 billion The Temporary Payroll Tax Cut Continuation Act, as its name suggests, extends the two percent payroll tax cut for the first two months of 2012 at a cost of $21 billion.
Source:
Notes:
Maximum amount and deficit impact represent the gross cost of the provision. Amount spent is based on CRFB extrapolation.