The President signed an extension of the payroll tax cut into law on Wednesday. Prior to this White House victory, Americans knew, regardless of its outcome, that this topic would be up for reconsideration as an eleventh-hour December vote that passed through Congress allowed the cuts for only the first two months of this year. It was anybody’s guess as to whether this heavily partisan issue would get enough Republican support to be continued for the duration of 2012. The tax cut is just one slice of a package that also extends unemployment benefits and protects the reimbursements of doctors serving Medicaid patients.
