Employers begin to warn workers to prepare for slimmer paychecks if Congress fails to vote on an...

|By:, SA News Editor

Employers begin to warn workers to prepare for slimmer paychecks if Congress fails to vote on an extension of the Bush tax cuts. Congress won’t start debating the issue until after the Nov. 2 elections, and since it takes weeks to prepare withholding schedules, the IRS may need to assume the cuts will expire and direct employers to increase payroll deductions starting Jan. 1.