Congress continues to consider payroll tax holiday, unemployment insurance extension, relief from Medicare provider rate cut

Congress is expected to continue to consider legislation to extend the current Social Security payroll tax cut, renew benefits for long-term unemployed workers, and preserve current Medicare reimbursement rates for physicians.  All three provisions will expire on December 31, 2011. This past weekend, the Senate adopted legislation to temporarily extend these provisions for the first two months of 2012, with the intent of adopting legislation before the end of February to extend the provisions for the remainder of 2012. However, House leaders are pushing for a one-year extension.  As previously reported in Capitol Insider, areas of contention include the scope and funding sources for any extensions.

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