In 2011, Obama signed The Temporary Payroll Tax Cut Continuation Act of 2011, which temporarily extended the payroll tax cut of 2% and the Social Security tax withholding rate reduction from 6.2% to 4.2% through February 29, 2012.
The new payroll tax rate was to be implemented by employers no later than January 31, 2012. If employers over-withheld any Social Security during January, they needed to make an offsetting adjustment to employees’ pay by no later than March 31, 2012.
Source: CNN
Liz Maier-Liu specializes in writing high-quality, engaging copy across all channels, including email, web, blogs, print, and social media. She is passionate about helping ERC build long-lasting relationships with clients and members through storytelling and delightful copy that calls them to action.Since 2019, Liz has supported ERC’s marketing team. She currently manages ERC’s email marketing campaigns, social media accounts, marketing automation, and websites. Liz also executes content strategies that drive engagement, leads, and customer retention.
