Democrats to offer payroll tax cut compromise
December 4th, 2011
03:42 PM ET
3 years ago

Democrats to offer payroll tax cut compromise

Washington (CNN) - Democrats on Monday will propose a compromise plan to extend the payroll tax cut that includes a "serious" way to pay the more than $200 billion price tag, the chairman of the Senate Budget Committee says.

Senate Majority Leader Harry Reid, D-Nevada, will introduce the compromise proposal Monday after the chamber last week voted down competing Democratic and Republican plans, Sen. Kent Conrad told "Fox News Sunday."

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Filed under: Democrats • Harry Reid • Kent Conrad • President Obama • Taxes
soundoff (9 Responses)
  1. The Greedy Old Pigs have declared class war on US!

    C'mon ya Greedy Old Parasites, stop caring only for the greedy and not the needy. The vast majority of Americans want you to raise taxes on the filthy rich. Why do you ignore us? Could it be because you are such cowards you will never ask your 1% masters to share the sacrifices you call on the rest of us to make? You GOBP deathcult members are sorry excuses for human beings.

    December 4, 2011 04:17 pm at 4:17 pm |
  2. Logic in LA

    NO MORE TAX CUTS! Our nation is broke. The pennies these politicians want to give individuals do little to help anyone. They do however add up as a nation and we cannot afford them.
    Put our tax structure back to 1999 levels and remove all the loopholes.

    December 4, 2011 04:21 pm at 4:21 pm |
  3. T'sah from Virginia

    ►"Where is the backbone in Washington to actually pay for these extensions in the year in which the money is spent?" asked Coburn, a prominent fiscal hawk.◄

    REWRITE!!!

    Where is the “backbone” of the Republicans when it comes to “ending” the TAX BREAKS for the rich and BIG Corps that was in effect for the past ten years and NOT paid for – DID NOT create jobs; will not create jobs and the Republicans want to extend them even further “without” paying for it?

    Helping the middle class is always a problem!! Creating JOBS for the middle class is always a problem!! Giving “cost of living” raises to the middle class is always a problem!! – All of it must be paid for…. Pathetic!!!

    Obama 2012

    December 4, 2011 04:25 pm at 4:25 pm |
  4. vic , nashville ,tn

    When Democrats bite the bullet its hurt middle class
    Democrats fight back

    December 4, 2011 04:29 pm at 4:29 pm |
  5. Larry L

    It's sad to see every Republican announcement coming from their "official" propaganda station – Fox News. If GOP leaders ever planned to do anything acceptable to working class Americans they wouldn't need the totally artificial spin they are assured of getting on Fox News. I wonder if any ot their journalists suffer guilt from selling out all journalistic integrity to work at Fox? I guess we could find some former employees of the oild Soviet Union's Pravda and ask them how they felt about themselves... It's the same thing.

    December 4, 2011 04:34 pm at 4:34 pm |
  6. More Democrat Liesnad@mail.com

    Do I wan the tax break extended? Sure, I think this is the wrong time to burden the people with more taxes. However, the answer from liberals has always been the same; Tax more and spend more. Any bets that Reid will try to push more taxes instead of managing the budget? This is just another carrot to try and garner votes for an election that they are going to lose. Their policies have failed miserably, so they are offering a few feel good things this year to try and buy votes. The problem is that they did this before and their promises are hollow.

    December 4, 2011 04:56 pm at 4:56 pm |
  7. Name king

    Hey the rich doesn't need the money to stash in some over seas bank. The rich would love to see the rich pay more money into the economy so they can snatch it back up with their corporations, or even investing. Lesson the crap the repubs push day in and day out about the rich will invest more money if they see less folks with less money and less government jobs is straight psycho talk. Come on America you cannot be this gullible to Keep lessoning to the repubs talking points.

    December 4, 2011 05:21 pm at 5:21 pm |
  8. Indy

    Every voting American should sign a pledge that states if any candidate takes part in a reality TV debate with Donald Trump that they will not ever vote for these candidates that are degrading the Presidential process. Donald Trump has been an enemy to the country for many years now and has cost taxpayers billions with his bankruptcy scams, he has called Americans wimps and fools and has made the entire country look bad with his ignorant answers about OPEC and China and committed a treasonus act against the Whitehouse with his extremely immature acts of terrorism agianst the President of the United Staes of America.

    December 4, 2011 05:26 pm at 5:26 pm |
  9. Frau Heissler

    Stop bloody compromising it is becoming a show of weakness!!!!!

    December 4, 2011 05:33 pm at 5:33 pm |