Middle Class Tax Relief and Job Creation Act

Bill

Overview of Law

Extends the Social Security 2% payroll tax cut, extends unemployment benefits, and averts cuts in Medicare physician payment rates through 2012

Middle Class Tax Relief and Job Creation Act Benefits & Positives

DatePositive Result\BenefitRank
02/22/12Cuts in Medicare physician payment rates averted with extension of existing rates through 2012
02/22/12Federal unemployment benefits programs extended an additional 13 to 20 weeks
02/22/12Self-employed social security payroll tax reduction from 12.4% to 10.4 % extended through 2012
02/22/12Employee social security payroll tax reduction from 6.2% to 4.2 % extended through 2012