Assignment: What does $40 mean to you?
iREPORTERS SIGNED UP
Created December 21, 2011 by
House Republicans on Tuesday rejected a Senate deal to temporarily extend the payroll tax holiday, which is set to expire on December 31. Ending the tax break would cost the typical family about $1,000 a year, or $40 per biweekly pay period.
With the White House and Congress at an impasse, President Obama has stepped up pressure on House Republicans to pass the two-month extension to the tax holiday, to allow Congressional legislators more time to negotiate the issue. House Speaker Boehner, however, is demanding an immediate one-year extension.
Americans are telling the White House what $40 means to them in a campaign to pressure Congress to pass the measure.
We’d like to know: Would the end of the tax cut affect your family, or would it have little difference in your daily life? Were House Republicans right to reject the two-month extension and demand a long-term solution?
Put yourself on video and help us put a face on the impact of the payroll tax cut.
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