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'Cliff' Deal Would End Payroll Tax Holiday

Jan 1, 2013 (All Things Considered) — As part of the "fiscal cliff" deal moving through Congress, a two-year-old payroll tax holiday comes to an end. Under the tax holiday, the 6.2 percent payroll tax was cut to 4.2 percent for all American workers. NPR's John Ydstie talks about what the change will mean for employees and the economy.

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