Obama lauds payroll tax cut extension
December 23rd, 2011
01:31 PM ET
3 years ago

Obama lauds payroll tax cut extension

(CNN) - President Barack Obama said Friday that Congress's extension of the payroll tax holiday is "some good news just in the nick of time for the holiday."

But "we have a lot more work to do. This continues to be a make-or-break moment for the middle class in this country," he said.


Filed under: President Obama • Taxes
soundoff (51 Responses)
  1. Dominican mama 4 Obama

    Proud of you Mr. President, and happy to FINALLY see the Democrats standing together as ONE.

    December 23, 2011 01:38 pm at 1:38 pm |
  2. Truth and Nothing But the Truth

    Yes, thank you for raiding the social security "trust fund" to turn it into the Obama re-election campaign fund. If this situation isn't a prime example of why social security needs to be removed from the hands of politicians and given to its true owners, US. MY retirement money is now being used as a political tool to manipulate voters!

    December 23, 2011 01:39 pm at 1:39 pm |
  3. diridi

    Nothing happens to social security. it is going to be fixed. Trickle down theory created this. Deregulation of wall street was done, and apart from this, Taxes of Rich were low. Top 1% of household has 10% of household income in Reagan, and Bush, and you know, Bush Iraq war drained this society. Poverty rose in the nation. 1 out of 2 Americans earned lowest income. This created double in poverty line. Now you are crying on Obama. We needed this financial regulation long time ago apart from Health care reform. o.k, Things get fixed. Obama2012.

    December 23, 2011 01:48 pm at 1:48 pm |
  4. Rick McDaniel

    He failed to admit it is just a band aid, and the all of the real work, remains to be done.

    This pompous BS approach, may be good news sound bytes, but in the end little was accomplished, as we shall all see come February.

    December 23, 2011 01:53 pm at 1:53 pm |
  5. Truth and Nothing But the Truth

    Where does one apply for an "Obama holiday"??? A year-free of Obama insanity and class warfare. Oh yeah, that comes next November. Hope the country survives that long.

    December 23, 2011 01:55 pm at 1:55 pm |
  6. Rudy NYC

    Rick McDaniel

    He failed to admit it is just a band aid, and the all of the real work, remains to be done.
    ------------
    You fail to realize that the two months is all that Mitch McConnell was willing to extend. Democrats have been fighting for a one year extension since last year this time when it was originally denied by the Republicans.

    December 23, 2011 02:01 pm at 2:01 pm |
  7. ThinkAgain

    @Truth and Nothing But the Truth: How did your stock portfolio fare when the financial industry meltdown happened? If you think privatizing Social Security is a good thing, then you need your head examined!

    December 23, 2011 02:07 pm at 2:07 pm |
  8. crawbar

    Dominican mama, soon, with this jerk you are proud of, you will not feel yourself any different than in Dominican republic if he stays in office. Before you become proud of anything, educate yourself.

    December 23, 2011 02:07 pm at 2:07 pm |
  9. Peace

    But "we have a lot more work to do. This continues to be a make-or-break moment for the middle class in this country," he said (Pres. Obama).
    Am wondering why the other side can not figure out this? I really thought anyone who can emerge at the level of sworn -in as the House member should understand well what is good for the people who elected them to go there! But it looks like they are not aware at all. It is now our responsibility (we the people) to clean out all over the House and every corner,and get rid of people who are not totally aware of what they are doing, and remain with those who stand for people who elected them to do the job!

    December 23, 2011 02:07 pm at 2:07 pm |
  10. ThinkAgain

    #Truth and Nothing But the Truth: "Where does one apply for an "Obama holiday"???"

    Pick any country and move there; I'm sure there are plenty of people who'd be happy to give you a one-way ticket.

    December 23, 2011 02:08 pm at 2:08 pm |
  11. crawbar

    Dominican mama, soon, with this je rk you are proud of, you will not feel yourself any different than in Dominican republic if he stays in office. Before you become proud of anything, educate yourself.

    December 23, 2011 02:08 pm at 2:08 pm |
  12. NVa Native

    And the weak minded tee-trolls and GOPlodytes start with the fake facts and faux figures blended with their “faith-based” science trying to promote failure in the US.
    Yea, that's patriotic.

    December 23, 2011 02:12 pm at 2:12 pm |
  13. ThinkAgain

    @Truth and Nothing But the Truth: "Yes, thank you for raiding the social security "trust fund" to turn it into the Obama re-election campaign fund."

    There was no "raiding." The Congressional Budget Office says the fund is in good shape until 2052. By 2015, the amount set aside in the trust fund will swell to five times the estimated annual payouts. According to the trustees of the fund, any future shortfall can be made up with either an increase in taxes today, or a cut in benefits (maybe by asking people to wait a little longer to retire.), or a little of both.

    My suggestion is that we raise the FICA income cap from the current $106,000 to at least $250,000.

    December 23, 2011 02:12 pm at 2:12 pm |
  14. Gurgi

    And so Obama and the dems keep playing "kick the can." And "we don't need no stinkin' pipeline jobs." I wonder what will happen when those that work hard get tired of money being taken from them and given to people to lazy to work, standing around with their hands out. I'm not crazy about Ron Paul, but Obama makes him look like a good candidate.

    December 23, 2011 02:12 pm at 2:12 pm |
  15. Truth and Nothing But the Truth

    You fail to realize that the two months is all that Mitch McConnell was willing to extend. Democrats have been fighting for a one year extension since last year this time when it was originally denied by the Republicans.
    ===============================================================================================
    What total BS. Harry Reid and the Democrats are the ones calling the shots in the Senate. ANd they are doing nothing but Obama's bidding at this point, They could care less about jobs and the American people. This whole charade was about how to maximize Obama's re-election chances. Setting national tax policy on a monthly basis is something that only the totally financially inept Democrats could have concocted. Totally insane but it is what we have come to expect from the Democrats. Games, games, games while the country burns and unemployment remains at record levels.

    December 23, 2011 02:16 pm at 2:16 pm |
  16. Peggy - TX

    "Truth and Nothing But the Truth" would not know the truth if hit him in the head like a brick.

    Obviously you are just another old white male disappointed in with the world not giving you the respect you deserve, distrustful of the Government, not a single clue about the reality of the current situation so you just continue to repeat false snippets of lies that you head on Faux news or the like regardless of how ridiculous they are in reality and angry as the world is not the white-washed world the 50s pretended it should be.

    December 23, 2011 02:18 pm at 2:18 pm |
  17. Rudy NYC

    crawbar wrote:

    Dominican mama, soon, with this jerk you are proud of, you will not feel yourself any different than in Dominican republic if he stays in office. Before you become proud of anything, educate yourself.
    ------------
    Already educated. Now we are passing on what we have learned by educating the public to the facts, and exposing the distorted truths that conservatives are so good at selling The People.

    December 23, 2011 02:20 pm at 2:20 pm |
  18. Wire Palladin, S. F.

    The social security trust fund has over $2.6 trillion in it, and has not been raided since the republicans lost the white house. SS is solvent until 2033, and by that time we will be well beyond the Bush republican near depression.

    December 23, 2011 02:23 pm at 2:23 pm |
  19. Wire Palladin, S. F.

    Truth should change his name to "Foreign owned media, Fox, talking points."

    December 23, 2011 02:24 pm at 2:24 pm |
  20. Tony Z

    Politicians need to compromise. It's country first. President Obama has done well for this country. Educate yourself and reflecting on the importance of his work from years to come. Those that are bashing are making mountains out of mole hills.

    Debt ceiling- Congressional breakdown
    Payroll tax- Congressional breakdown
    Jobs Bill- Congressional breakdown
    Who to name a building after- Under control

    December 23, 2011 02:25 pm at 2:25 pm |
  21. SecedingfromTexas

    And a Merry Christmas, Happy Holidays and Happy New Year to all of you too! Enjoy the "down time" while our
    Congress enjoys another month long vacation. Hopefully this relief will give many the breathing room they need.

    December 23, 2011 02:25 pm at 2:25 pm |
  22. Wire Palladin, S. F.

    How can republicans vote against every job creating bill and then use 6500 temporary pipeline jobs as the biggest deal since FDR's jobs program?

    December 23, 2011 02:27 pm at 2:27 pm |
  23. Truth and Nothing But the Truth

    By 2015, the amount set aside in the trust fund will swell to five times the estimated annual payouts
    ==============================================================================
    Where did you get this ridiculous BS??? First off, there is NO trust fund, just IOUs from a financially shakey downgraded federal government. Second, you need to educate yourself because you are so far in dream land it is scary. Baby boomers have alreasdy thrown SS into the red and the bad economy had forced many others to retire before they wanted to because they couldn't find jobs. SS is going to be in the red for the foreseeable future.

    December 23, 2011 02:27 pm at 2:27 pm |
  24. Wire Palladin, S. F.

    It must be hard to be an angry republican supporter, when their party of the rich has been on the wrong side of every important issue for 30 years.

    December 23, 2011 02:28 pm at 2:28 pm |
  25. "Political Traps"...(^^^)

    The White House and Congress not leading nor acting in the interest of the Country and its People. All they do...set "Political Traps" for each other to score political points...(in the polls)...watch out Washington "We the People"
    are onto you forever and tired of your games,,,,very tired....!

    December 23, 2011 02:28 pm at 2:28 pm |
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