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Posted
http://news.yahoo.com/house-gop-rejects-2-month-payroll-tax-cut-175628308.html

House GOP rejects 2-month payroll tax cut

By DAVID ESPO | AP – 3 hrs ago

WASHINGTON (AP) — Congress lurched toward Grinch-like gridlock on Tuesday as the Republican-controlled House rejected a two-month extension of Social Security tax cuts that President Barack Obama said was "the only viable way" to prevent a drop in take-home pay for 160 million workers on Jan. 1.

"The clock is ticking, time is running out," Obama said shortly after House voted 229-193 to request negotiations with the Senate on renewing the payroll tax cuts for a year.

House Speaker John Boehner, told that Obama had sought his help, replied, "I need the president to help out." His voice rose as he said it, and his words were cheered by dozens of Republicans lawmakers who have pushed him and the rest of the leadership to pursue a more confrontational strategy with Democrats and the White House in an already contentious year of divided government.

This time, it wasn't a partial government shutdown or even an unprecedented Treasury default that was at stake, but the prospect that payroll taxes would rise and long-term unemployment benefits end for millions of jobless victims of the worst recession since the 1930s.

Yet another deadline has been entangled in the dispute, this one affecting seniors, but the administration announced it had finessed a way around it. Officials said paperwork for doctors who treat Medicare patients in the early days of the new year will not be processed until Jan. 18, giving lawmakers more time to avert a 27 percent cut in fees threatened for Jan. 1.

Whatever the stakes, there was little indication that Republicans would get their wish for negotiations with the Senate any time soon. Senate Majority Leader Harry Reid, D-Nev., issued a statement saying he would be happy to resume talks on a yearlong measure — "but not before" the House ratifies the two-month bill and sends it to Obama for his signature.

Given Obama's remarks and Reid's refusal to negotiate, it was unclear what leverage Republicans had in the year-end standoff. It appeared likely the partisan disagreement could easily persist past Christmas and into the last week of the year.

The standoff was sowing confusion in business, running out of days to adapt to any new payroll tax regimen. Even the Senate's proposed two-month extension was creating headaches because it contained a two-tiered system geared to ensuring that higher-income earners paid a higher rate on some of their wages, according to a trade group.

"There's not time enough to do that in an orderly fashion," said Pete A. Isberg, president of the National Payroll Reporting Consortium trade group. "We're two weeks away from 2012." He wrote a letter to congressional leaders this week warning that the Senate bill "could create substantial problems, confusion and costs."

Democrats pounced on Republicans for rejecting the Senate bill, emboldened by polls finding Obama's approval rising and that of the congressional Republicans fading. They noted that several lawmakers whom Boehner appointed to negotiate a compromise had recently criticized an extension of payroll tax cuts.

Democrats also introduced legislation in the House to ratify the two-month bill that passed the Senate.

Rep. Steny Hoyer, D-Md., the second-ranking House Democrat, asked Majority Leader Eric Cantor, R-Va., if he was "prepared to bring that bill to the floor" if no compromise was in sight by year's end.

Canter dodged the question, responding that if Democrats wanted to do their part, they could appoint negotiators.

They didn't.

For his part, Boehner sent a letter to the president, noting he had requested a yearlong extension of the tax cut and the House had approved one. "There are still 11 days before the end of the year, and with so many Americans struggling, there is no reason they should be wasted," he wrote, asking Obama to call the Senate back from its year-end vacation.

In his appearance before White House reporters, Obama said Republicans would be to blame for the consequences of a standoff. "Right now, the recovery is fragile, but it is moving in the right direction," he said. "Our failure to do this could have effects not just on families but on the economy as a whole." Obama requested the extension of the payroll tax and unemployment benefits in the fall as part of his jobs program.

As recently as Friday, it appeared a compromise was in sight on the legislation.

After efforts to agree on a yearlong extension sputtered, Senate Republicans and Democrats agreed on the two-month renewal, with the bill's estimated $35 billion cost to be covered by an increased fee on mortgages backed by Fannie Mae and Freddie Mac. That assured deficits wouldn't rise, a key Republican objective.

Republicans also prevailed on their demand to require Obama to decide within 60 days the fate of a proposed Canada-to-Texas oil pipeline that promises thousands of construction jobs. The president's political supporters are divided on the Keystone XL project, with environmentalists generally opposing it and blue collar unions in favor, and Obama had hoped to avoid making a decision until after the 2012 elections.

The measure quickly cleared the Senate on a vote of 89-10, with 39 of 46 Republicans in favor. Sen. Mitch McConnell of Kentucky, the GOP leader, said he was optimistic the House would go along.

Not so.

On a telephone conference call on Saturday, numerous GOP lawmakers told Boehner and the leadership they opposed the Senate-passed measure.

While House Republicans quickly developed their plan — reject the Senate bill and seek negotiations on a compromise — there were undercurrents of dissent.

One Republican, Rep. Tom Cole of Oklahoma, told fellow lawmakers at a closed-door meeting Monday night that he had been inaccurately quoted in an email from an unidentified GOP aide that described the contents of a private conference call, making it appear that the leadership itself was divided. Two lawmakers said details from the email found their way into print quickly after the conference call.

"It implied the speaker (Boehner) was in one place and the rest of leadership in another," Cole said in an interview Tuesday. "That wasn't the conversation."

Other Republicans said Boehner bristled in Monday night's meeting when asked whether he had given his blessing to the 60-day Senate compromise, replying that he had not and challenging one questioner to get his facts correct. They spoke on condition of anonymity, noting the events had occurred behind closed doors.

At the end of their first year in office, there was no doubt about the ability of dozens of first-term Republicans to flex their muscle.

As late as Monday night, several officials said, Cantor outlined a plan for the House to vote down the Senate bill, then vote separately to seek negotiations with the Senate.

Several Republicans objected, noting that would allow House Democrats an opportunity to go on record in favor of a payroll tax cut extension. The plan was changed, and in proceedings during the day, there was no opportunity for a straightforward yes-or-no vote on the Senate-passed bill that Democrats and the White House favor.

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"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

Filed: Citizen (apr) Country: Ukraine
Timeline
Posted

You understand that the Keystone Pipeline is the only issue here, don't you?

Obama will approve the pipeline. He wants to delay it until after the election so he can continue to receive contributions for BOTH unions and environmentalists. If he chooses one over the other now he loses a lot of money. He will choose the pipeline but wants to suck up the environmentalists money before he tosses them overboard

This is what happens when we allow our government's revenue system to be used for everything BUT generating revenue

Can anyone watch this revolting display and say they do not support the FAIR TAX?

I have to admit though, it is one of the RARE times you hear Democrats saying we NEED a "tax cut" :lol:

VERMONT! I Reject Your Reality...and Substitute My Own!

Gary And Alla

Posted

You understand that the Keystone Pipeline is the only issue here, don't you?

Obama will approve the pipeline. He wants to delay it until after the election so he can continue to receive contributions for BOTH unions and environmentalists. If he chooses one over the other now he loses a lot of money. He will choose the pipeline but wants to suck up the environmentalists money before he tosses them overboard

This is what happens when we allow our government's revenue system to be used for everything BUT generating revenue

Can anyone watch this revolting display and say they do not support the FAIR TAX?

I have to admit though, it is one of the RARE times you hear Democrats saying we NEED a "tax cut" :lol:

Obama has pretty much said he's going through with the pipeline, all he wants in return is the payroll tax cut and not to screw with unemployment benefits. ####### is just being a cocky jerk about it is all. You ever see this guy on TV? He always has a cocky smerk to him ..like a real pr*ck that needs to have his nose smashed and a pair of steel toe boots taken to his ribs to wipe that cocky smirk off his face. The guy is a major d*ck.

sigbet.jpg

"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

Filed: Timeline
Posted (edited)

A sixty day extension is meaningless. Which do you want? $167 or $1000? If you want the $1000 dollar one, then support the Republicans in the House.

Senate Republicans and Democrats agreed on the two-month renewal, with the bill's estimated $35 billion cost to be covered by an increased fee on mortgages backed by Fannie Mae and Freddie Mac. That assured deficits wouldn't rise, a key Republican objective.

This is the stupidest paid-for you could thing of: Paying for a two month extension by raising the interest rate on all new mortgages by about 1/2% for the next ten years.

Edited by Crusty Old Perv
Posted

A sixty day extension is meaningless. Which do you want? $167 or $1000? If you want the $1000 dollar one, then support the Republicans in the House.

This is the stupidest paid-for you could thing of: Paying for a two month extension by raising the interest rate on all new mortgages by about 1/2% for the next ten years.

I want the one that doesn't fck me on my unemployment...that's the one I want. I'm due to file for my last and final tier on January 5th...and that will take me through sometime in April I'm guessing or early May. Just in time for construction season.

sigbet.jpg

"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

Filed: Timeline
Posted (edited)

Perhaps for you and I. Say that to an average income person! Election day 2012 may show just how 'meaningless' this issue is!

So, you want mortgage payments to increase by $50/month for those same people on any house they purchase or on any loan they refinance for the next ten years?

Edited by Crusty Old Perv
Posted

So, you want mortgage payments to increase by $50 for those same people on any house they purchase or on any loan they refinance for the next ten years?

If it's that tight for them maybe they should think twice before buying that house.

sigbet.jpg

"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

Filed: K-1 Visa Country: Russia
Timeline
Posted

So, you want mortgage payments to increase by $50/month for those same people on any house they purchase or on any loan they refinance for the next ten years?

No. I prefer to see marginal tax rates on the income over a million dollars a year increased a bit to pay for it.

Filed: IR-1/CR-1 Visa Country: Greece
Timeline
Posted (edited)

I have a problem with how they are going to pay for it. They want to borrow money from Social Security to pay for this and then in 2012 will raise taxes and dedicate some of the money from the tax increase to pay it back. We know all too well how that's worked out in the past and that the new tax increases will be promised to benefit 59 other programs and the new spending will outpace the amount of newly generated tax in flows, but won't give a dime back into SS. And/or if it's a Rep in office, there will be no tax increase in 2012, because that's a political no-no in the R's eyes.

Robbing Peter to pay Paul, but Peter is already broke. It's insanity.

Edited by kytwell

 

Filed: AOS (pnd) Country: Canada
Timeline
Posted

as long as congress keeps passing SHORT TERM extensions on things and not 'Long Term' / Permanent / Cancelling of certain items, then the economy will be pure shite.

The market needs S-T-A-B-I-L-I-T-Y!!!!!!

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The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Posted

I would like to see ####### in the ring with Obama for five minutes. Obama would kick Boners ####### until he was seeing stars.

sigbet.jpg

"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

 

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