The current payroll tax deduction expires at year's end
During a news conference call, Wednesday, U.S. Senator Sherrod Brown urged his colleagues to extend and expand a payroll tax cut, putting $1,430 into the pockets of the average Ohio family next year.
Brown is urging lawmakers to take action to save a two-percent payroll tax break that is set to expire by the end of December and would increase about 98 percent of Americans' taxes.
The Senate bill would impose a 3.25 percent surtax on modified adjusted gross income in excess of $1 million for both single and married couples filing beginning December 31, 2012.