President Signs Payroll Tax Agreement, Includes Extension for TANF, UI, QI, TMA
Issue Brief 12-08
February 24, 2012
Last
week, the House and Senate reached agreement on the Middle Class Tax Relief and
Job Creation Act of 2012 (H.R. 3630) to further extend the payroll tax cut and
other programs through the end of the year.
The president signed the bill on February 22, 2012. Specifically, the
law extends unemployment insurance (UI) benefits, Temporary Assistance for
Needy Families (TANF) and related programs, and Qualified Individual (QI) and
Transitional Medical Assistance (TMA). Unlike the previous two-month extension
(P.L. 112-78, Issue Brief
11-45), the
agreement modifies UI and TANF, and is paid for, in part, by changes to health
programs and the sale of radio spectrum.