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the reason, a tax cut america might be about to lose. over the past year you have probably had $1,000 extra. thanks to the payroll tax cut. you will save at least that much next year, if democrats and republicans extend it. two bills are up for vote to do just that. the democrat bill taxes millionaires to pay for the extension. the republican one freezes federal pay and cuts millionaires off from some benefits like unemployment. both bills will likely fail. because surprise, surprise, the parties haven t compromised. now congress has 30 days to pass the payroll tax extension. if they don t. people with a salary of $35,000 will pay $700 more in taxes next year. if you make $50,000 you pay $1,000 more. $75,000 in salary, $1,500 more. get how this works. on and on. economists warn that if it is not extended the u.s. could tip back into a recession. the bottom line is this, american people want it. the economy needs it. and the two major parties agree on it. so, why can t p ....

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