Due to an ongoing health crisis in the family, blogging will be 'on and off' as time and circumstances permit for the foreseeable future. I also beg your indulgence if I am slow in responding to emails. New posts will appear below this notice.

Thursday, December 22, 2011

House GOP caves on 2 month payroll tax cut

House Speaker John Boehner announced Thursday that he had agreed with Senate Majority Leader Harry Reid on a two-month extension of a package including a payroll tax cut and an extension of unemployment benefits.

Boehner said in statement he and Reid "reached an agreement that will ensure taxes do not increase for working families on Jan. 1 while ensuring that a complex new reporting burden is not unintentionally imposed on small business job creators."

He said the Senate "will join the House in immediately appointing conferees, with instructions to reach agreement in the weeks ahead on a full-year payroll tax extension. We will ask the House and Senate to approve this agreement by unanimous consent before Christmas.”
Read the rest here.

3 comments:

Anastasia Theodoridis said...

Am I mistaken, or isn't the real bone of contention here the tax cuts for the super-rich?

Joseph said...

the dems had already agreed to drop the tax for the super-rich. otherwise, the Senate bill would not have garnered so many GOP votes.

Paul said...

Any bone of contention between democrats and republicans is purely mythological. Their staged disagreements succeed only when we are fooled into thinking there is a real debate going on.