The 2012 tax and spending wars
December 24th, 2011
08:03 AM ET
10 years ago

The 2012 tax and spending wars

New York (CNNMoney) - Congress couldn't agree how to pay for a year-long extension of the payroll tax cut, federal unemployment benefits and an adjustment in Medicare physician pay.

In fact, it could barely agree on whether to extend them for two months.


Filed under: Congress • Taxes
soundoff (7 Responses)
  1. diridi

    Get Romney's Taxes....o.k, 480 million dollars.

    December 24, 2011 08:58 am at 8:58 am |
  2. WiredweirdinSF

    Well after successfully stealing money from Social Security to give to the drug addicts that support him and don't work or pay taxes, the inept, incompetent, corrupt, union toady is off spending another $4 million dollars on his vacation. I have to work for the holidays, can't take a day off much less get away on a luxury vacation. But then I am a working taxpayer and not in favor with the administration of the Kenyan village idiot.

    December 24, 2011 09:23 am at 9:23 am |
  3. GonzoinHouston

    This is gonna be wild and wooly. A huge slate of tax issues and a looming election; I'm stocking up on popcorn. If Obama plays it right, he could turn the TP's against the GOP, and turn the voters against both groups. And if you think you have a high-pressure job, how would you like to be Speaker of the House for the next 12 months?

    December 24, 2011 09:27 am at 9:27 am |
  4. Wire Palladin, S. F.

    For years, the republicans have always said that tax cuts pay for themselves, and now we know that those tax cuts for the wealthy were a scam.

    December 24, 2011 09:36 am at 9:36 am |
  5. Larry L

    It comes down to a choice between the working families and the fat-cats. President Obama will continue to work to help middle class folks and small businesses. The Republicans will continue to protect the billionaires and work toward a fascist state. They've both shown time and time again which group they support. Voters need to decide if they actually want a fascist government or if they choose a democracy where everybody gets to compete on a level playing field.

    December 24, 2011 10:09 am at 10:09 am |
  6. Rick McDaniel

    That's because the Democrats don't want to cut ANYTHING........they just want to spend, and spend, and spend.

    If it were not for the GOP demanding some responsibility, we would ALREADY be Greece.

    December 24, 2011 10:19 am at 10:19 am |
  7. GI Joe

    Worst speaker ever – worst congress ever. It's in the history books.

    Vote the baggers out. They've ruined our credit rating, stood up ONLY for the wealthy. Vote them out.

    December 24, 2011 10:29 am at 10:29 am |