Experts from the National Payroll Reporting Consortium (NPRC) told Congress today that the two-month payroll tax cut compromise passed in the Senate but stalled in the House cannot be implemented properly in the time allotted by the law, recommending in a letter that Congress take the provision as written out of the law.
“NPRC advises policymakers that we believe there is insufficient lead time to accommodate the proposal embodied in H.R. 3630 [regarding a two-month extension of the payroll tax cut],” the president of NPRC wrote in a letter to Senate and House Legislators obtained by ABC. “In our opinion enactment of HR 3630 as written could create substantial problems, confusion and costs affecting a significant percentage of U.S. employers and employees.”
President Obama’s press team is painting the possible failure of the two month payroll tax cut on “a Tea Party revolt.”
