Payroll tax cut: 12 days till tax hike
December 20th, 2011
10:53 AM ET
2 years ago

Payroll tax cut: 12 days till tax hike

NEW YORK (CNNMoney) - House Republicans on Tuesday are expected to reject the the two-month payroll tax extension passed by the Senate. But they have chosen to do so indirectly.

Rather than bring the bill to the floor for a direct vote - and risking the measure actually passing - they will vote to instruct House negotiators to push for a year-long extension in a conference with the Senate.

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Filed under: Congress • House • Republicans • Taxes
soundoff (39 Responses)
  1. Four and The Door

    the American Petroleum Industry which directly employs 13,000 Americans with an average pay rate of $32.15 an hour.
    _________________________________________________________________________________________________
    I'm sorry. A typo left out the other 100,000 employees. The American Petroleum Industry irectly employs 113,000 Americans with an average wage of $32.15/ hour. ( I bet Big Carl thought they were all multimillionaires. Seems to me these are middle class people just working for a living. )

    December 20, 2011 12:02 pm at 12:02 pm |
  2. Deeb

    Four and The Door

    It would take more than that to get past Obama's Sleigh full of baggage.
    American voters are not stupid enough to de-fund Social Security for cash now. Some of them really like the program and hope it will be there to help in their retirement.
    _______________________________________________________________________________________________

    Really? Perhaps you need reminding that Obama's Sleigh of baggage is jam packed with George Bush's leftover mess and overflowing with the current nut cases antics.

    And as far as de-funding SS....THANK YOU RUDY & SNIFFIT!!!

    December 20, 2011 12:02 pm at 12:02 pm |
  3. RobK

    What is "their fair share"? Have everyone making more than you do pay for everything? Is it fair that half the country pays nothing for the services they use?

    December 20, 2011 12:03 pm at 12:03 pm |
  4. Fair is Fair

    Let it expire.

    December 20, 2011 12:05 pm at 12:05 pm |
  5. Fair is Fair

    "Perhaps you need reminding that Obama's Sleigh of baggage is jam packed with George Bush's leftover mess"
    ----–
    Bush Derangement Syndrome is sooooooooooo 2009....

    December 20, 2011 12:08 pm at 12:08 pm |
  6. RobK

    Yes, let it expire. The Democrats realize that if they can fund Social Security with general tax revenues they can redistribute the nation's wealth faster. Social Security is a flat tax, but the payout is highly progressive, meaning the poor get a lot more out of it than the middle class. If the Dems have their way, then the progressive income tax will pay for the even more progressive Social Security benefits. And then if they can enact means testing, where those that are frugal and savers are punished for daring to accumulate a nest egg, the Dems will have achieved their wildest dream.

    December 20, 2011 12:13 pm at 12:13 pm |
  7. Sniffit

    "It seems like you are not grateful for the American Petroleum Industry which directly employs 13,000 Americans with an average pay rate of $32.15 an hour."

    What does that have to do with the Pork Pipeline? Way to go tangential and irrelevant. Existing employment and pay rates for Big Oil have nothing to do with (a) whether we owe them our gratitude and (b) whether the Pork Pipeline is ready to be constructed. That project is forecasted to create 4,000 or so jobs, it's true, but 4,000 jobs constructing the pipeline now in a manner that damages the environment and the communities it passes through as opposed to 4,000 jobs constructing the pipeline a year from now in the least damaging manner possible...that is a significant difference and it is a legitimate, beneficial public purpose for the regulations requiring the State Dept. to review all aspects of the project that relate to the health, safety and welfare of the public. Pretending that we can skip the process and simply build the thing, with all its attendant issues and risks, without fully investigating them is precisely the kind of ham-fisted nonsense that results in a pipeline located within 500 feet of a school playground leeking VOCs and PCBs into the community. Grow up. The GOP is pushing it because they were warned it would result in a denial, and they want to yell and scream inconsolably that the denial proves that Obama and environmental regs are killing jobs...when instead it really just proves the truth of truths: GOP political games are killing jobs.

    December 20, 2011 12:14 pm at 12:14 pm |
  8. Rudy NYC

    Four and The Door wrote:
    It seems like you are not grateful for the American Petroleum Industry which directly employs 13,000 Americans with an average pay rate of $32.15 an hour. These are hard working Americans contributing plenty to our economy.
    -----------------------
    If the API directly employs only 13,000 Americans, why is it that Republicans keep insisting that the pipeline would create "tens of thousands" of jobs? I mean like, Rick Perry asserted that the project would create "over a million jobs" during on of those debates before fell in the polls. Most estimates put the job estimate at around 4000 construction jobs, half of which would be in Canada because that is where the pipeline would be built.

    The pipeline would also increase the cost of gas and oil in the US. Some of us have noticed that not one conservative has promised lower prices, only tens of thousands of jobs. The cost would go up for two reasons. One, they need extra money to pay for the project. Two, those resources are currently sold at a discount because of the additional cost to bring them to foreign global market, so most of it is sold here in the continental US. Once the pipeline is built, then the price would go up when those resources are made more readily available to the global market.

    December 20, 2011 12:15 pm at 12:15 pm |
  9. broderick

    Look this is such a joke Iam so tired of this back and forward carp!!! With these right wing CLOWNS I said before the tea party will not win a election guess u heartless no soul idiots will see in 2012!! OBAMA 2012!!

    December 20, 2011 12:18 pm at 12:18 pm |
  10. Rudy NYC

    Four wrote:
    "I'm sorry. A typo left out the other 100,000 employees. The American Petroleum Industry irectly employs 113,000 Americans with an average wage of $32.15/ hour. "
    --------------------
    Nothing has changed. Remarks like Sen. McConnell's claim that the project would create over 100,000 jobs still sound just as ridiculous.

    December 20, 2011 12:19 pm at 12:19 pm |
  11. Larry L

    @Four and The Door

    American voters are not stupid enough to de-fund Social Security for cash now.
    -------------------------------------------–
    You've tried to sell this concept before and it doesn't wash. If you want to give Social Security something logical just remove the ceiling on deductions. If everything above $106,000 in income was taxed for Social Security the system would be solvent forever. I guess that would violate to myth you folks spread asbout "job creators" – you know the rich folks who don't really create jobs but rather hoard their money and send the work to China. Republicans want to pay for this on the backs of the federal workers and the middle class – as usual.

    December 20, 2011 12:20 pm at 12:20 pm |
  12. Fair is Fair

    Rudy said "If the API directly employs only 13,000 Americans, why is it that Republicans keep insisting that the pipeline would create "tens of thousands" of jobs? I"
    ------–
    Because those new jobs will create demand, which will create more jobs, which will create more demand, which will create more jobs.... well, that's at least to the "demand theory" you're always touting when it's convenient for you, Rudy.

    December 20, 2011 12:24 pm at 12:24 pm |
  13. Four and The Door

    Rudy NYC
    The pipeline would also increase the cost of gas and oil in the US. ... The cost would go up for two reasons. One, they need extra money to pay for the project. Two, those resources are currently sold at a discount because of the additional cost to bring them to foreign global market, so most of it is sold here in the continental US. Once the pipeline is built, then the price would go up when those resources are made more readily available to the global market.
    ________________________________________________________________________________________________
    No, a new supply of oil from friendly trading partner Canada will not cause the price of gas to increase. It will put America in a position of decreased dependence on Mid-East oil and it will absolutely generate tens of thousands of permanent jobs for the American Petroleum Industry. It's a win-win. Fuel prices will only be decreased in the US from this new direct source of oil. Even the Obama Administration's State Department has given preliminary approval to the environmental impact of the pipeline. It will get done.

    December 20, 2011 12:32 pm at 12:32 pm |
  14. Deeb

    FAIR IS FAIR

    Bush Derangement Syndrome is sooooooooooo 2009....
    __________________________________________________________________

    Oh yeah? Try selling that line to the millions of Americans who are still suffering in 2011 due to 8 yrs of Dubya's crap. It will take several administrations to straighten out his mess. President Obama is doing the best he can to tackle the task at hand, however we should never forget how we got here in the first place.

    December 20, 2011 12:37 pm at 12:37 pm |
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