Obama Signs Payroll Tax Cut Extension 

The US Congress approves a two-month extension of the payroll tax cut.

President Obama signed an amended version of a two-month extension of the payroll tax cut Friday, CNN reported.

The Senate and House of Representatives both passed the measure earlier in the day by unanimous consent, which CNN described as a "procedural move allowing the measure to pass even though most members of Congress are now home for the holidays."

"This is some good news just in the nick of time," Obama reportedly said. But, he continued, "we have a lot more work to do. This continues to be a make-or-break moment for the middle class in this country."

The tax cut would have expired Dec. 31 without the extension. The votes Friday ended a bitter political battle over the measure that lasted weeks, the Washington Post reported.

The measure affects 160 million American workers, Reuters reported.

The political battle over the measure may have hurt the GOP, CNN stated.

Political analysts believe that the showdown over the payroll tax cut has eroded GOP strength on the party's core issue of lower taxes. While GOP leaders first questioned the merit of the tax holiday and then complained that a short-term extension would be more trouble than it's worth, Obama used the standoff to portray the Republicans as defenders of the rich with a callous attitude toward the burdens of the middle class.

Obama pushed the House to get on board until an agreement was made.

"This is an issue where an overwhelming number of people in both parties agree. How can we not get that done?" Obama said at the White House Thursday. "Has this place become so dysfunctional that even when people agree to things we can't do it?"

A House-Senate committee will continue negotiating a yearlong extension.

Pin It



Comments are closed.


Latest in National

  • Should Media Employees Give to Campaigns?

    Should Media Employees Give to Campaigns?

    Journalist Dave Levinthal analyzed how many journalists, reporters and editors gave to a 2016 presidential campaign. Of the small percentage that did, most gave to Hillary Clinton.
    • Oct 24, 2016
  • The Democrats' Bad Map

    The Democrats' Bad Map

    Democrats are sorting themselves into geographic clusters where many of their votes have been rendered all but superfluous.
    • Oct 24, 2016
  • Google Has Quietly Dropped Ban on Personally Identifiable Web Tracking

    Google Has Quietly Dropped Ban on Personally Identifiable Web Tracking

    Google is the latest tech company to drop the longstanding wall between anonymous online ad tracking and user’s names.
    • Oct 22, 2016
  • More »

Larry King Interviews…

© 2016 Boise Weekly

Website powered by Foundation