At the end of this month, a two-month extension of the payroll tax cut will expire. If Congress doesn't act, taxes will go up on 160 million hardworking Americans.
For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck. When the payroll tax cut was initially set to expire last December, we asked Americans to tell us what that $40 meant to them and their family. People all over the country responded, using email, Twitter, and Facebook, to tell us that $40 makes all the difference in the world for a family trying to stretch their already tight budget a little bit further.
These are some of their stories:
