Hearing on payroll tax holiday and unemployment insurance benefit extension

The U.S. Congress Joint Economic Committee will hold a hearing on “Bolstering the Economy: Helping American Families by Reauthorizing the Payroll Tax Cut and UI Benefits.” The hearing on Tuesday, February 7, will focus on the importance of extending the two-percentage-point payroll tax cut and continuing emergency federal unemployment insurance (UI) benefits through the end of 2012. At this hearing, the JEC will examine the economic impact of extending these policies versus allowing them to lapse.