After the failure of the super committee and the American Jobs Act, the White House is promising a “laser-like” focus on extending the payroll tax cut by the end of the year.
Without it, President Barack Obama has warned of a $1,000 tax increase for the average family — and up to 1 million jobs lost by the economy as a whole.
To promote the extension, the White House has released a calculator to show how much you will lose out on if the payroll tax cut is not extended — and how much extra you may save if the American Jobs Act is passed.
Here’s the calculator:
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