Feinstein: Extend Payroll Tax for California Families

17 million Californians would see bigger paychecks; $1,000 for average California family in 2012
Published on Feb 2, 2012 - 9:35:00 AM

By: Sen. Dianne Feinstein's office

Washington February 2, 2012 - Senator Dianne Feinstein (D-Calif.) today urged an extension of current payroll tax levels through 2012, an action that would put more money into the pockets of 17 million Californians.

According to data from the Senate Joint Economic Committee, the average California family would keep an additional $1,000 through the remainder of the year.

The payroll tax cut first put in place at the end of 2010 lowered the payroll tax for workers from 6.2 percent to 4.2 percent. It is set to expire at the end of February.

"Extending the current payroll tax level for individuals means an extra $1,000 in the pocket of the average California family," Senator Feinstein said. "Continuing this tax cut is one of the best ways to inject more money into the economy as we work to create more jobs. Not only do bigger paychecks help those families that are struggling, they also help strengthen the overall economy."

A county-by-county list from the Senate Joint Economic Committee detailing the additional take-home pay from a 2 percent payroll tax cut for the remainder of 2012 is below:

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