The House of Representatives voted late Tuesday night on a Senate-backed plan to avoid the fiscal cliff of automatic spending cuts and tax increases. However, 77% of U.S. households will face higher tax rates this year because the deal allowed the payroll tax cut to expire.
All Employee Benefit News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, blog discussions, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine for benefits professionals and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and product updates.