Wednesday, December 21, 2011

Payroll tax

  • WASHINGTON (AP) -- House and Senate leaders traded demands Wednesday but remained mired in a bitter holiday-season stalemate that is threatening 160 million workers with Jan.
  • (Yahoo Finance)
  • Republicans and Democrats in Congress are deadlocked over a bill to extend the payroll tax cut, with just about 10 days to stop a tax increase for 160 million Americans.
  • (CBS News)
  • House Republicans yesterday voted down the Senates two-month extension of the two-percentage-point payroll tax holiday to 4.2% from 6.2%. They say the short extension makes no economic sense, but then neither does a one-year extension.
  • (Wall Street Journal)
  • Republicans were under growing pressure on Wednesday to agree to a 60-day extension of an expiring payroll tax cut for 160 million workers and end a stand-off with Democrats that threatens to undercut a fragile U.S. economic recovery.
  • (FOXBusiness)
  • House Republicans likely didnt foresee the political backlash resulting from the payroll tax debate that has gridlocked Congress ahead of the winter holiday season and threatened millions of workers with tax increases on Jan. 1.
  • (ABC News)
  • WASHINGTON (AP) -- The Democratic leader of the Senate is urging Speaker John Boehner to bring the House back to Washington and approve the bipartisan Senate-approved bill extending a payroll tax cut and jobless benefits.
  • (Yahoo Finance)
  • The Wall Street Journal editorial board unhappily argues: "House Republicans yesterday voted down the Senate's two-month extension of the two-percentage-point payroll tax holiday to 4.2% from 6.2%.
  • (Washington Post)
  • The Wall Street Journal editorial page attacked congressional Republicans Wednesday for possibly losing the payroll tax cut standoff to President Barack Obama.
  • (Huffington Post)

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