Middle Class Tax Relief and Job Creation Act of 2011

Budget Impact

H.R. 3630 extends the payroll tax holiday, reforms and extends unemployment insurance benefits, and provides for a two-year extension of the Medicare “doc fix.” The bill is fully offset over a ten-year period based on Congressional Budget Office estimates. The table below shows the budgetary impact of the legislation.

Table 1

Read the CBO estimate of H.R. 3630 here.