Details Of Tentative Deal Averting 'fiscal Cliff'
â¿¿Unemployment benefits: Extends jobless benefits for the long-term unemployed for one year.
â¿¿Cuts in Medicare reimbursements to doctors: Blocks a 27 percent cut in Medicare payments to doctors for one year. The cut is the product of an obsolete 1997 budget formula.
â¿¿Social Security payroll tax cut: Allows a 2 percentage point cut in the payroll tax first enacted two years ago to lapse, which restores the payroll tax to 6.2 percent.
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