DECEMBER 21, 2011 4:00 A.M. The House, Harry Reid, and the Payroll Tax

Discussion in 'Politics' started by WillowTree, Dec 21, 2011.

  1. WillowTree
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    WillowTree Diamond Member

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    Today the House voted to reject a Senate plan for temporarily extending the payroll-tax cut and subsequently moved to recess, and they deserve credit for doing so.

    This move does not eliminate the possibility of extending the tax cut, which expires at the end of December: The House previously passed a bill extending the cut for a full year, and that bill is good policy. It doesn’t increase the deficit. It forces a decision on the Keystone XL pipeline. And it’s President Obama’s major year-end priority. So why is the Democratic Senate blocking the bill’s path between Capitol Hill and the White House signing desk, and pushing the bill the House rejected instead?






    Because Harry Reid doesn’t like how the House version is paid for. Having failed — not once, but multiple times — to offset the payroll-rate cut with a new surtax on job creators, Senate Democrats were forced to huddle with Republicans to find common ground. What they came up with were enough offsets to fund a 60-day extension, mostly via increased fees on Fannie and Freddie. (This makes a certain amount of sense: Republicans abhor the government-sponsored enterprises, Democrats adore fees.)


    The Senate plan, then, was to pass the temporary extension, send it back to the House, and enjoy a lengthy Christmas holiday. The New Year, they seem to believe, will bring with it fresh opportunities to kick the can down the road. But the 60-day extension is both irresponsible and unworkable, and House Republicans were right to hold the line against it, even if it keeps Congress in Washington through these holy nigh









    The House, Harry Reid, and the Payroll Tax - The Editors - National Review Online







    so the demoncrats were gonna soak the poor old middle class homeowners? :lol:
     
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  2. Old Rocks
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    Old Rocks Diamond Member

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    Excellant. All can see that the GOP wish tax cuts only for the wealthy.

    This is going to play very well for 2012.
     
  3. WillowTree
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    WillowTree Diamond Member

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    well that would be lie of course.. but that's what demoncrats dew. they look ewe right in the eye and they lie.. the only difference in the Republicans and the demoncrats is the time frame.. the demoncrats want tax cuts for two months and the Republicans want tax cuts for a full year. so go suck a lemon with yer lies old rocks.
     
  4. ScreamingEagle
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    ScreamingEagle Gold Member

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    How so....?

    ....the GOP has a plan on the table right now for a whole one YEAR extension of the payroll tax cuts.......and the Democrats only have a plan for just a measly two months.....
     
  5. Claudette
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    Claudette Gold Member

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    Two months for $166 or a year for $1500

    Yup. Lets she how that plays with the taxpayers.
     
  6. konradv
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    konradv Gold Member

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    They BOTH want a year. It's just that the Republican measure came with strings attached. How do figure that won't backfire on them? They don't have a good record of making those kinds of plays/ploys work.
     
  7. ScreamingEagle
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    ScreamingEagle Gold Member

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    also it's a two month fiasco because most file on a quarterly tax basis and this will cause all kinds of headaches for everybody in payroll.....

    the GOP proposal is giving Obama the payroll tax cut he was calling for......he's opposing it NOW because he doesn't want the pipeline to go forward........Obama must really want to KILL JOBS.....

    :mad:
     
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    Last edited: Dec 21, 2011
  8. Zander
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    Zander Platinum Member

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    I'd like to see the whole thing expire. It was a gimmick to begin with. LEAVE TAXES ALONE AND CUT SPENDING.
     
  9. WillowTree
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    WillowTree Diamond Member

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    You lie. Reids plan calls for two months funded off the backs of the fannie and freddie home owners.
     
  10. Claudette
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    Claudette Gold Member

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    Oh so you think Keystone and jobs and spending cuts aren't good attachments??
     

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