Breaking News Alert
The New York Times
Tuesday, December 20, 2011 -- 1:19 PM EST
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Republicans in House Reject Deal Extending Payroll Tax Cut
House Republicans on Tuesday soundly rejected a bill approved by the Senate that would have extended the payroll tax cut for most Americans beyond the end of the year and allowed millions of unemployed people to continue receiving jobless benefits.
The House vote, which passed 229 to 193, also calls for establishing a negotiating committee so the two chambers can resolve their differences. Seven Republicans joined Democrats in opposition. But the Senate has left town for the year, and Democrats say they do not intend to call it back, putting continuation of the tax cut in jeopardy and leaving a shadow over many unemployed Americans as the holidays near.
Read More:
http://www.nytimes.com/2011/12/21/us/politics/house-republicans-move-closer-to-rejecting-payroll-tax-cut-deal.html?emc=na
Okay no more political posts till the new year. Carry on creepers.
1 comment:
UPDATE!!!
Breaking News Alert
The New York Times
Thursday, December 22, 2011 -- 4:57 PM EST
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House Republican Leaders Agree to Payroll Tax Deal
"Bowing under intense pressure from members of their own party to end the politically damaging impasse over a payroll tax holiday, House Republican leaders on Thursday agreed to accept a temporary extension of the tax cut, beating a a hasty retreat from a showdown that Republicans increasingly saw as a threat to their election opportunities next year.
Under a deal reached between House and Senate leaders — which Speaker John A. Boehner was presenting to the rank and file in an evening conference call — House members would accept the two-month extension of a payroll tax holiday and unemployment benefits approved by the Senate last Saturday while the Senate would appoint members of a House-Senate conference committee to negotiate legislation to extend both benefits through 2012."
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