payroll tax cut

The Takeaway: With Congress Home For The Holidays, Docs Face Steep Medicare Pay Cut

Posted on 12/21/2011 by |Brooklyn, NY | Comments

Bulletin TodayIf Congress doesn’t pass an extension bill by Jan. 1, payroll taxes will go up for 160 million workers, almost 2 million people could lose unemployment benefits and doctors could see a 27.4 percent pay cut from Medicare. But with the end of 2011 fast approaching—and lawmakers already having left Washington for the holidays—that’s looking like less and less of a possibility.