Posted on 11/23/2011 9:06:10 PM PST by Steelfish
Jobless Benefits, Payroll Tax Cut To Come Up After Thanksgiving Mike Emanuel
November 23, 2011
WASHINGTON – Once the Turkey coma wears off, Congress will take up the payroll tax cut and an extension of unemployment insurance. Both are scheduled to run out at the end of the year. Estimated price tag for them is in the neighborhood of $200 billion.
A Democratic aide tells Fox that Senate Majority Leader Harry Reid,D-Nev., is planning to bring up a stand-alone bill that will include both provisions.;
Following the crash and burn of the Super Committee, there are questions about how Congress will pay for it. Democrats are likely to argue millionaires should pay more in taxes, which Republicans would resist.
But with unemployment at 9 percent, and a sluggish economy, delegate Eleanor Holmes Norton, D-D.C., says it must be done. "This is a way to begin afresh, we let everybody down with the super committee, let's begin fresh by giving everybody something we know everybody wants. There can't possibly be any controversy on this one," Norton told Fox.
President Obama has been pushing Congress to keep the average American family from being slapped with a $1000 tax increase. “End of the year, this tax cut ends. And if we allow that to happen -- if Congress refuses to act -- then middle-class families are going to get hit with a tax increase at the worst possible time," Mr. Obama said.
In a paper statement, House Speaker John Boehner said, "We told the president in September that we stand ready to have an honest and fruitful discussion with him regarding the payroll tax extension, and that invitation stands."
Ron Bonjean, a long-time Republican Congressional leadership aide says the GOP will likely argue for paying for these extensions, but notes Christmas is just...
(Excerpt) Read more at foxnews.com ...
120 billion additional for 99 weeks of federal unemployment????
NO WAY JOSE.
WE WILL DESTROY YOU. WE WILL DESTROY SOCIAL SECURITY.
WE WILL THREATEN YOU GRANDMAS AUGUST 3, 2011 WITH NOT
SENDING OUT SOCIAL SECURITY CHECKS>
I AM OBAMA
AND I AM DESTROYING THE SOCIAL SECURITY TRUST FUND
I HAVE ALREADY RUN UP 15 TRILLION IN DEBT
I WILL DESTROY THE US GOVERNMENT FINANCIALLY AND ECONOMICALLY
and those darn McConnell and Boehner will be punks and back down
every time
EXCEPT I DIDN”T REALIZE THE TEA PARTY PART II WAS BREWING
TEA PARTY PART II
WATCH FOR IT.
I AM GOING TO BE IN DC NEXT WEEK
TEA PARTY PART II
Congress will extend unemployment benefits. At the end of the day, politicians are not going to tell voters, “tough luck.” An election year is looming.
Only if the gop doesn’t offer their own position. When 30 percent of the country are unemployed or underemployed, whatever comes out of obama’s lying face doesn’t mean jack.
How are they going to pay for it? It’s at least 100 billion.
Boehner couldn’t even save 100 million.
I know...CUT OBAMACARE FUNDS UNTIL THE SUPREME COURT RULES!!!
Why isn’t Boehner and McConnell out there screaming !!!
MEET THE PRESS????
Cowboy poetry is vital to the economy just ask Harry Reid.
How the hell do the Republicans get themselves so twisted up in this stuff. Stop the damned spending you idiots!
Why doesn’t the GOP propose to pay for those benefit extensions with a “cap” on itemized deductions like taxes paid, mortgage interest paid and charitable deductions?
If the maximum “itemized” deduction for Federal income tax is $1,000,000, then only the REAL fat cats (mostly Democrats like John Kerry and Barbra Streisand) would actually pay more.
Isn’t it time for the GOP to stop playing “patsy”..
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