Impasse over payroll tax cut continues
December 7th, 2011
01:28 PM ET
2 years ago

Impasse over payroll tax cut continues

Washington (CNN) - All kinds of ideas are flying around Capitol Hill about how to extend the payroll tax cut set to expire at the end of the year, but a longstanding battle over tax increases and divisions among congressional Republicans have prevented any from gaining traction so far.

Once again, a clock is ticking. Failure to pass a measure maintaining the lower tax rate assessed on workers would mean a larger tax burden for Americans next year - $1,000 on a family earning $50,000.

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Filed under: Congress • Taxes
soundoff (10 Responses)
  1. Hammerer

    For get the payroll taxs. Who needs a job!
    Let's but obama's new idea to work. A fair share for everyone.
    That way their would be no need for taxes. The government can provide everything for everyone and everyone will be entitled to equal status.
    Everything just for the taking.
    True equality for all!

    December 7, 2011 01:39 pm at 1:39 pm |
  2. Rick McDaniel

    isn't anyone getting the message?

    The Democrats will not give up ANYTHING they want, so they will not come to any deal, that doesn't give them the millionaire's tax, so they can continue to spend, spend, spend, for nothing of value.

    December 7, 2011 01:55 pm at 1:55 pm |
  3. Emmy Skaddittle

    Rick, its the republicans that won't give up on the fact that most Americans want to see higher taxes on the millionaires and billionaires that got all of the bailouts and paid no taxes

    December 7, 2011 02:04 pm at 2:04 pm |
  4. A Texas Democrat

    Either pass it without any strings or let the Repuglicans take the blame ................ Republicans have held everyone hostage long enough ; the Demos need to draw a line in the sand and hold to it..................

    December 7, 2011 02:06 pm at 2:06 pm |
  5. The Greedy Old PIgs have declared class war on US!

    "The Democrats will not give up ANYTHING they want,"

    And rich maintains his perfect record for stupid and clueless comments he refuses to defend. Here's a clue: The Dems have ALREAY given up a ton. I'd ask you to recall Boehner's comment about getting 97% of what he wanted, but I doubt you can even remember what you had for breakfast.

    The Dems are (hopefully) finally drawing a line in the sand, based on the fact that two thirds of the nation want the flthy rich to pay more in taxes. More than half of the 1%ers even support this. So tell, us, Rick, since these tax cuts are proven not to create jobs, why is your GOBP ne(cro)con deathcult so bent on ignoring the vast majority of Americans and instead sucking up to a small minority of radical rightwing extremists?

    December 7, 2011 02:18 pm at 2:18 pm |
  6. Rudy NYC

    Rick McDaniel wrote:
    The Democrats will not give up ANYTHING they want, so they will not come to any deal, that doesn't give them the millionaire's tax, so they can continue to spend, spend, spend, for nothing of value.
    --------------------
    You still don't get it. The Democrats have decided to abide by the "revenue neutral" policy that Republicans have insisted upon for any legislation that is fiscal related. Republicans have insisted that a spending increase here, must be offset by a spending cut elsewhere.

    House Democrats are cooperating as best they can within the framework of rules set forth by the Republican House Caucus. By extension to revenue, a revenue cut here must be offset by a revenue increase elsewhere. The only point of contention is where to raise the revenue.

    For the first time in the history of anyone currently serving, Republicans insisted that the tax cuts must be paid for. This is a complete flip-flop from their long held position that "tax cuts pay for themselves." This will make for an interesting debate next fall when it comes to time to renew the Bush Tax Cuts for the wealthy.

    December 7, 2011 02:20 pm at 2:20 pm |
  7. Sniffit

    So to sum up GOP/Teatroll tax policy:

    1. Tax cuts for the rich that are the single biggest cause of skyrocketing deficits and debts and have redistributed the nation's wealth upwards at an alarming, record-setting rate = the middle-class and poor are required to make sacrifices to things like Medicare and SS so said tax cuts can be made permanent and fix the deficits and debt problems they created; AND

    2. Tax cuts for the middle-class and poorthat would help shore up or even increase demand and economic activity = we are required to provide offsetting benefits to the wealthy and corporations such as deregulation and, again, the middle-class and poor are required to make sacrifices that essentially counteract any economic benefit they receive from their tax cuts.

    Any question? Class dismissed.

    December 7, 2011 02:25 pm at 2:25 pm |
  8. Independent Voters

    Vote all the republican out of the office that will teach them a lesson for hurting middle class.
    VOTE REPUBLICAN OUT OF THE OFFICE I MEAN ALL OF THEM.

    December 7, 2011 02:34 pm at 2:34 pm |
  9. rs

    Truth is this- the GOP/TP no longer works for Americans. They work for the minority rich, those mythological "corporations-as-people", Grover Norquist, and the Koch brothers. Thats it. They have become traitors to America, and have done more damage than Al Queda on 9/11. We need to treat them as terrorists.

    December 7, 2011 02:39 pm at 2:39 pm |
  10. The Greedy Old Pigs have declared class war on US!

    The obvious question the GOBP ne(cr)ocon deathcult refuses to answer:

    With everyone else making sacrifices, what sacrifices are you asking the wealthy to share?

    December 7, 2011 06:10 pm at 6:10 pm |