Congresswoman Noem has sent out this press release about the payroll tax cut.
Noem Statement on Payroll Tax Cut Extension
WASHINGTON, DC? Representative Kristi Noem (R-SD) issued the following statement following House and Senate passage of a bipartisan 60-day extension of the payroll tax reduction extension.
?This extension means that South Dakotans won?t see their taxes go up on New Year?s Day while also protecting businesses of all sizes from the burdens associated with a short-term payroll tax modification.
?While I would have preferred a one year extension immediately, this agreement includes a fix that House Republicans and I fought for which allows employers to process and withhold payroll taxation under the same accounting structure that is currently in place. This means no costly payroll systems or updates will be required.
?This two-month extension falls short of providing the certainty South Dakota working families need, but this solution will, at minimum, prevent small businesses from bearing a new administrative burden and ensure American workers will see their tax relief as soon as possible. Just as important, the Senate will now join the House in immediately appointing conferees to reach agreement in the weeks ahead on a full-year payroll tax extension.?