Sunday, December 4, 2011

Next moves unclear on payroll tax cut extension (AP)

WASHINGTON ? Defeat in the Senate of Democratic and Republican plans to extend a cut in the Social Security payroll tax has punted the issue to the House.

GOP leaders there face ideological divisions within their party over whether to pass the tax holiday ? a centerpiece of President Barack Obama's jobs agenda.

The focus is on the GOP-controlled House after Senate votes exposed wide reluctance by Republicans to go along with the costly proposal.

House Speaker John Boehner, R-Ohio, supports the idea even though many Republicans and even some Democrats say the payroll tax cut hasn't done much to help the economy. Boehner says extending it would help boost jobs but he insists that any further extension be "paid for" with budget cuts.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_go_co/us_congress_payroll_tax

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