Monday, December 19, 2011

Payroll Tax Bill - #3504 - Boehner Rejects Deal on Payroll Tax - Washington Times

House Speaker John A. Boehner on Sunday rejected the Senate’s bipartisan compromise short-term payroll-tax extension deal, reigniting a nasty legislative fight and once again raising the chances that a $1,000-per-year tax increase on families will take effect in two weeks.  Mr. Boehner’s move stunned congressional Democrats and President Obama, who just a day earlier had blessed a deal that the top Republican and Democrat in the Senate had struck to extend this year’s payroll-tax cut for two months into the new year - less than the full year all sides say they want, but the longest to which they could agree for now. “Two months is just kicking the can down the road,” Mr. Boehner said on NBC’s “Meet the Press,” saying he expects the House to reject that deal when it convenes Monday. The Ohioan said he and fellow Republicans will insist on a full-year extension of the payroll tax, such as the one the House GOP passed through the chamber last week.  The rekindled fight means Congress may have to stay in session through Christmas, and likely further delays Mr. Obama’s scheduled vacation in Hawaii.  If no deal is reached before Jan. 1, this year’s 2-percentage-point payroll-tax cut expires.  Complicating matters, the Senate already announced it is finished with major business this year and has only pro forma sessions scheduled for the next month.  Read more.....

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