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Proposition 32 is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. This initiative statute would have affected political contributions via payroll deductions, and contributions to political candidates. The proposition was defeated by voters by a margin of 56 to 44 percent.
The original bill passed the House 234-193 on December 13, 2011, and the Senate unanimously on December 17, 2011. On December 23, 2011, the House and Senate passed H.R. 3765, also called the Temporary Payroll Tax Cut Continuation Act of 2011, and President Obama signed it the same day.
This is an initiative constitutional amendment that would increase income tax on incomes over $250,000 for seven years and raise the statewide sales tax by 0.25% for four years, and allocates the additional incomes to education, as well as certain state services transferred from the state to local governments. If this measure and Proposition 38 ...
By Andrew Taylor WASHINGTON (AP) -- Negotiations to renew a payroll tax cut for 160 million workers and jobless benefits for millions more kicked off on Capitol Hill on Tuesday, with both sides ...
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Employers are eligible for a payroll tax credit when the employer hires certain new employees after February 3, 2010, and before January 1, 2011. [5] In order to take the payroll tax credit, the employee must have either been unemployed for at least 60 days prior to hire or worked fewer than 40 hours for another employer during the previous 60 ...
TurboTax 2012: The Power to Keep What's Yours TurboTax Up to Date with Latest Tax Laws; Begins Accepting E-files Today SAN DIEGO--(BUSINESS WIRE)-- Americans work hard for their money. From ...
In addition, legislation was passed to extend a cut in the Social Security payroll tax for the entirety of calendar year 2012. The government was initially funded through five temporary continuing resolutions. Final funding for the government was enacted as an omnibus spending bill, the Consolidated Appropriations Act, 2012, on December 23, 2011.