Congress needs to extend the middle-income tax cut that is already in place. If Congress doesn't act soon, middle-class Americans will see their taxes go up starting on January 1st, taking almost $1,000 out of the pockets of a typical family next year. Today, because of our tax cuts, everyone who collects a paycheck contributes 4.2 percent of their wages in payroll taxes. But if Congress doesn't act, that tax will go up two percentage points, to 6.2 percent. That might not sound like much, but to an average family, that's a difference of almost $1,000 a year.



