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5 things to know about the payroll tax cut extension - Burlington ...
8 hours ago ... The deal will extend the payroll tax cuts two months, and the House and Senate will take up the matter again in the new year. The official vote is ...
House Calls Obama’s Bluff, Passes Payroll Tax Cut Extension He ...
The Other McCain "One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler
Obama blasts House GOP for blocking payroll tax cut extension ...
2 days ago ... Obama blasts House GOP for blocking payroll tax cut extension ... to delay his vacation in hopes of inspiring House Republicans to take up a ...
House, Senate take up payroll tax cut extension after Speaker caves ...
CBC.ca. House, Senate take up payroll tax cut extension after Speaker caves on opposition. CNN International By Alan Silverleib and Tom Cohen, CNN Washington (CNN) — The House is expected to pass as early as Friday ...
Analysts Say Economic Recovery Might Suffer if Tax Break Is Allowed to Expire
WASHINGTON — Economists are warning that the looming expiration of a temporary payroll tax cut — and the possibility that Congress will not extend it — would cause families to spend less and could sap strength from a fragile recovery. On Friday night, the Senate reached a tentative agreement to extend the payroll tax cut for two - By ANNIE LOWREY
Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New ...
Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov
5 things to know about the payroll tax cut extension - Framingham ...
10 hours ago ... The deal will extend the payroll tax cuts two months, and the House and Senate will take up the matter again in the new year. The official vote is ...
What do you think about this article?
A day before President Obama delivers his new jobs plan, the White House ramped up pressure on Congress to act on the presidents proposals -- preemptively pinning the blame on lawmakers in the event those proposals die.
But despite widespread speculation about the contents of the presidents plan, White House Press Secretary Jay Carney repeatedly declined to elaborate on what it might contain. He said only that the proposals would be "bipartisan" and that Congress should pass them.
"He will call on Congress to take up those proposals because they are sensible, they are bipartisan and they are paid for," Carney said, claiming the American people are tired of "excuses" and the only reason for Congress not to act will be if "politics gets in the way."
"The American people expect Washington to take sensible measures to grow the economy and create jobs and to pay for it. The president will put forward a proposal to do that. Hell do it in front of Congress because he is calling on Congress to act," he added.
Republican lawmakers voiced skepticism in the run-up to the address.
Several GOP lawmakers announced they will not attend. Others groused that the administration is not doing enough to tackle excessive regulation. Though Carney cited the presidents "fine working relationship" with House Speaker John Boehner and prior meetings the two have had, Boehners office complained that they would not have a chance to discuss a jobs plan with the president before the address.
"Its hard to take seriously the White House suggestion that his plan will include bipartisan proposals when Republicans are not allowed any input," Boehner spokesman Brendan Buck said.
The mood underscores what countless lawmakers and analysts have been saying for days -- the president faces enormous pressure to unveil something big, something new and something bipartisan, or watch Thursdays address fall into the just-another-speech annals.
At a minimum, Obama is expected to propose a package of federal spending and tax cuts worth at least $300 billion.
Among some of the items that would quickly add up are a $110 billion payroll tax cut extension as well as $60 billion for extending unemployment benefits for another year; a highway bill worth $90 billion that the president proposed last month to extend but which has not gone anywhere; a $40 billion job training program; and a targeted payroll tax cut for employers to encourage new hiring worth about $30 billion.
Obama has also called for public works projects, such as school construction. Advocates of that plan have called for spending of $50 billion, but the White House proposal is expected to be smaller.
That would easily surpass a $300 billion price tag, and the proposals may be closer to $400 billion to $500 billion.
Obama faces the dual challenge of proposing something big enough to jump-start the economy but not so big that it turns off the deficit hawks in both parties.
Carney, mindful of deficit concerns, insisted Wednesday that the proposals will be paid for. "Were not going to bust the debt ceiling," he said.
Though the president may look to offset the new spending by closing tax loopholes, Sen. Jeff Sessions, R-Ala., warned Wednesday that Republicans will oppose the package unless its offset by spending cuts.
The White House also shot down a rumor Wednesday that the administration was considering a moratorium on regulations, drawing a rebuke from House Republican Leader Eric Cantors office. "Such excessive regulations stifle economic growth," his office said.
Senate Republican Leader Mitch McConnell likewise said the administration is "throwing a big wet blanket on job creation." Rep. Allen West, R-Fla., urged the president to reduce regulatory burdens, calling his current policies "anti-growth."
On the other side of the equation, a liberal group called Social Security Works, warned Obama that any payroll tax cut for employers will do nothing to stimulate new hiring by companies "suffering from weak demand rather than weak profits."
"This tax cut would be bad enough if it were not also undermining Social Security," said Social Security Works Co-Director Nancy Altman. "Americas richest companies, many of which pay little in taxes, do not need another tax break. Many companies that will benefit have a long record of shipping thousands of jobs overseas. There is not even a requirement that a company has to create a single job to get this tax break."
Obama will lay out his plans during an early prime-time speech at 7 p.m. ET, scheduled to precede the NFLs regular season opener. Republicans have not scheduled a rebuttal to follow the speech.
The proposal comes as the employment report for August rel
Answer: Very Good!
Category: Other - News & Events
US Rep. Nan Hayworth swims against tide on tax
Tides are always turning in politics, and none has turned more sharply or produced bigger rip currents than the one concerning the temporary extension of the payroll tax cut ... rates from going up and give them time to go home for the holidays ...
House Passes Payroll Tax Cut Extension With Keystone Pipeline ...
Energy in America House Passes Payroll Tax Cut Extension With Keystone Pipeline Provision. Published December 13, 2011 | Associated Press
House, Senate take up payroll tax cut extension after Speaker caves on opposition
Washington (CNN)-- The House is expected to pass as early as Friday a temporary extension of the payroll tax cut, a day after Speaker John Boehner caved under enormous public and political pressure to drop his opposition to the measure. Both the ...
House to vote on extension of payroll-tax reduction - The ...
In another test of House Speaker John A. Boehner’s leadership, the House is expected to vote Tuesday on a GOP plan to extend a one-year reduction in the payroll tax.
House Republicans agree to payroll tax cut deal
Earlier Thursday, President Barack Obama issued a rebuke of House Republicans refusal to take up the Senates short-term extension of the payroll tax cut, declaring, "enough is enough." The presidents remarks came after Senate Minority Leader ...
Taking Your Talent to the Web - Scribd
Taking Your Talent to the Web A Guide for the Transitioning Designer By Jeffrey Zeldman 201 West 103rd Street, Indianapolis, Indiana 46290 Taking Your Talent to the ...
House Republicans ready to cave on two-month payroll tax extension
Earlier Thursday, President Barack Obama issued a rebuke of House Republicans refusal to take up the Senates short-term extension of the payroll tax cut, declaring, "enough is enough." The presidents remarks came after Senate Minority Leader ...
Construction Supervision - Scribd
This book covers all supervisory situations one is likely to encounter on a commercial, industrial, or institutional construction project. The book is based upon a ...
House Republican Leaders Agree to Extend Tax Cut Temporarily
WASHINGTON — Bowing under intense pressure from members of their own party, House Republican leaders agreed Thursday to accept a temporary extension of the payroll tax cut, beating a hasty retreat from a showdown that Republicans increasingly saw as a threat to their election opportunities next year. Under a deal reached between House and - By JENNIFER STEINHAUER
Payroll Tax Cut Extension: Focus Turns To House After Senate Defeat
Payroll Tax Cut Extension: Focus Turns To House After Senate Defeat
POLITICAL MEMO; G.O.P. Hopefuls Sidestep Payroll Tax Fight
DES MOINES — The wounds may have healed from his ferocious budget battles with the last Democratic president, but Newt Gingrich ’s memory is vivid. And he believes one lesson still holds true about the fights between Congress and the White House: presidents generally win. It was with that sentiment in mind on Wednesday that Mr. Gingrich - By JEFF ZELENY
House passes payroll tax cut extension bill despite veto threat ...
The House approved legislation that extends the payroll tax holiday and unemployment benefits. The House on Tuesday afternoon approved legislation that extends the ...
Payroll Tax Cut Rejected by House Republicans
WASHINGTON — The House Republican leader on Sunday flatly rejected a short-term, bipartisan Senate measure to extend a payroll tax break and unemployment insurance, setting the stage for a bitter year-end Congressional collision and the potential loss of benefits for millions of Americans. In an interview on “Meet The Press” on - By JENNIFER STEINHAUER
Republicans Unveil Plan for Payroll Tax
WASHINGTON -- Pivoting to challenge President Obama and Senate Democrats, House Republicans said Thursday that they would forge ahead with a payroll tax holiday bill that includes an oil pipeline opposed by the president and that looks to changes in social programs to pay for the tax cut and added unemployment benefits. In a sharp answer to several - House Republicans unveil their proposal to pay for an extension of the payroll tax holiday through a mix of changes to entitlement programs and a pay freeze for federal workers; Republican bill also includes a provision to speed construction of the Keystone XL pipeline from Alberta, Canada, to the Gulf Coast, a project that the Obama administration has sought to delay. Photo (M) - By JENNIFER STEINHAUER and ROBERT PEAR
Boehner: Full-Year Payroll Tax Cut Extension Needed to Give Job ...
3 days ago ... Boehner: Full-Year Payroll Tax Cut Extension Needed to Give Job ... And I expect the House to take up legislation that reinforces the need to ...
Payroll Tax Cut Extension: Focus Turns To Senate After House ...
Payroll Tax Cut Extension: Focus Turns To Senate After House Passes Bill
HOUSE TO TAKE UP PAYROLL TAX CUT EXTENSION – CNN | News Online
ABC News House to take up payroll tax cut extension CNN By Alan Silverleib and Tom Cohen, CNN Washington (CNN) -- The House is expected to pass as early as.
Senate Passes Payroll Tax Cut Extension, Sends Bill to the House ...
Senate Passes Payroll Tax Cut Extension, Sends Bill to the House for Final Passage
House Republicans voice opposition to Senate payroll tax cut ...
The two-month payroll tax cut extension that passed the Senate may not pass the House. The two-month payroll tax cut extension that passed the Senate on Saturday may ...
McConnell urges House to extend payroll tax cut
to appoint negotiators on the separate House measure that would bring ... up the pressure to reach a deal, President Barack Obama has promised Boehner he is committed to immediately starting work on a full-year extension of payroll tax cuts ...
Payroll tax cut extension in doubt amid House Republican uproar ...
4 days ago ... The fate of a deal to extend the payroll tax cut for two months is ... late Friday, urged the House to take up the Senate-passed measure and ...
Cantor to Obama: First Dog Can Come to Negotiations?
House Majority Leader Eric Cantor is as frustrated as anyone about Congress failure to pass an extension of the payroll tax cut.
And he was even more annoyed after seeing photos of President Barack Obama shopping with the First Dog, Bo, as negotiations on the Hill were unraveling earlier this week. So he offered the president a chance to sit down and talk, and he could bring Bo, too.
"I saw the president out yesterday doing his Christmas shopping. I saw he brought his dog with him. You know, were here. He could bring his dog up here. We are pet friendly. You know, again, it will not take a long time," Cantor said. "We could probably resolve the differences within an hour."
He thinks the negotiations would be a simple matter.
"Frankly, given where the parties are, theres not a big difference between our positions," Cantor said this morning. "It all comes down to [how its] paid for, its the budgetary impact of the extension of this tax holiday."
Read more on Newsmax.com: Cantor to Obama: First Dog Can Come to Negotiations
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Category: Politics
News: House, Senate take up payroll tax cut extension after Speaker ...
News: Payroll tax cut deal achieved The House and Senate will be asked to give unanimous consent on the payroll tax cut The procedural move allows.
HOUSE TO TAKE UP PAYROLL TAX CUT EXTENSION : 24 News Desk
Globe and Mail House to take up payroll tax cut extensionCNN InternationalBy Alan Silverleib and Tom Cohen, CNN Washington (CNN) — The House is expected to pass as early as Friday a temporary extension of the ...
House Passes Extension Of Cut to Payroll Taxes
WASHINGTON -- Defying a veto threat from President Obama, the House on Tuesday passed a bill extending a cut in Social Security payroll taxes for 160 million Americans for another year. But the Democratic majority in the Senate vowed to reject the measure because of objections to other provisions, including one to speed construction of an oil - Houses passes legislation, 234-193, extending a cut in Social Security payroll taxes for 160 million Americans for another year; vote defies a veto threat from President Obama, and the Senate Democratic majority vows to reject it. Photo (M)4 - By ROBERT PEAR and JENNIFER STEINHAUER
Bachmann calls short term payroll tax extension a gimmick
(CNN) - Presidential hopeful Michele Bachmann said Thursday a plan to extend the payroll tax cut by only two months ... will be the candidate to take on Obama." The polls, she said, werent a problem. "Theres polls up and down all day.
House, Senate take up payroll tax cut extension after Speaker caves ...
The Hindu House, Senate take up payroll tax cut extension after Speaker caves on opposition CNN International By Alan Silverleib and Tom Cohen, CNN Washing.
Obama Urges House To Pass Senate Tax Cut Bill, As Republicans ...
1 day ago ... WASHINGTON – The White House is pressing House Republicans to immediately take up the Senate-passed extension of the payroll tax cut, ...
EDSITORIAL
edsitorial
CBS: Tenative Deal Reach In Payroll Tax Cut Extension
The agreement, however, is pending a House Republican conference call, scheduled to take place ... a full-year extension of the payroll tax cut, the Speaker proposed that the President send members of his economic policy team up to Congress to find a ...
Is Obamacare really just a hostile takeover of the United States Health Industry & has nothing to do with H.C.?
The U.S. Senate recently released its long-awaited proposal for a government-run hostile takeover of the entire U.S. health care system. Predictably, it includes a barrage of higher taxes to pay for the bill’s immense price tag. [...]
All these increases, combined with state and local income taxes, would raise the average top marginal rate in the U.S. to over 52 percent. This would be higher than traditionally high-tax countries such as Italy, Spain, and even France. [...]
Below is a list of the tax increases Congress and the Administration have proposed to finance health care reform. This list includes taxes in the bill passed by the House of Representatives, the bill the Senate is currently debating, and other taxes mentioned as a possible way to pay for health care reform.
•An income surtax on taxpayers earning more than $500,000 a year,[1]
•An excise tax on high-cost “Cadillac” health insurance plans that cost more than $8,500 a year for individuals or $21,000 for families,[2]
•An excise tax on medical devices such as wheelchairs, breast pumps, and syringes used by diabetics for insulin injections,[3]
•A cap on the exclusion of employer-provided health insurance without offsetting tax cuts,[4]
•A limit on itemized deductions for taxpayers with a top income tax rate greater than 28 percent,[5]
•A windfall profits tax on health insurance companies,[6]
•A value-added tax, which would tax the value added to a product at each stage of production,[7]
•An increase in the Medicare portion of the payroll tax to 3.4 percent for incomes great than $200,000 a year ($250,000 for married filers),[8]
•An excise tax on sugar-sweetened beverages including non-diet soda and sports drinks,[9]
•Higher taxes on alcoholic beverages including beer, wine, and spirits,[10]
•A tax on individuals without acceptable health care coverage of up to 2.5 percent of their adjusted gross income,[11]
•A limit on contributions to health savings accounts,[12]
•An 8 percent tax on all wages paid by employers that do not provide their employees health insurance that satisfies the requirements defined by the Secretary of Health and Human Services,[13]
•A limit on contributions to flexible spending arrangements,[14]
•Elimination of the deduction for expenses associated with Medicare Part D subsidies,[15]
•An increase in taxes on international businesses,[16]
•Elimination of the tax credits paper companies take for biofuels they create in their production process–the so-called “Black Liquor credit,”[17]
•Fees on insured and self-insured health plans,[18]
•A limit or repeal of the itemized deduction for medical expenses,[19]
•A limit on the Qualified Medical Expense definition,[20]
•An increase in the payroll taxes on students,[21]
•An extension of the Medicare payroll tax to all state and local government employees,[22]
•An increase in taxes on hospitals,[23]
•An increase in the estate tax,[24]
•Increased efforts to close the mythical “tax gap,”[25]
•A 5 percent tax on cosmetic surgery and similar procedures such as Botox treatments, tummy tucks, and face lifts,[26]
•A tax on drug companies,[27]
•An increase in the corporate tax on providers of health insurance,[28] and
•A $500,000 deduction limitation for the compensation paid by health insurance companies to their officers, employees, and directors.[29]
Answer: Its that and worse. Obamacare will put the finishing nail in the coffin of freedom that this country was founded on by the Godly Forefathers.
I can't think of one thing worse than liberalism or those evil people that want to require you to pay for your neighbors health care.
Category: Politics
House Republicans Refuse to Budge on Payroll Tax Cut
WASHINGTON — Under fire from senators in their own party, House Republicans prepared to vote on Tuesday against a Senate measure to extend a payroll tax cut and unemployment benefits for millions of Americans for two months, demanding that the Senate reopen negotiations over the benefits. Democrats, however, imagining the political wind at - By JENNIFER STEINHAUER and ROBERT PEAR
Payroll Tax Cut Rejected by House Republicans - NYTimes.com
4 days ago ... Extension of Tax Cut Stalls in House as G.O.P. Objects ... The House is scheduled to take up the Senate bill — passed in a rare Saturday ...
Boehner Announces Deal On Payroll Tax Cut
McConnell urged House Republicans to support an unspecified temporary extension of the payroll ... if the tax holiday ends December 31. The typical workers take home salary will shrink by about $40 per pay period without the tax cut, or $1,000 annually.
House GOP leaders capitulate, agree to 2-month extension of payroll-tax cut
"The president seems to forget that the only reason we are even discussing an extension of temporary measures like the payroll-tax cut and unemployment ... he wanted party leaders to bring the Senate measure to a House vote.
House GOP relents on payroll tax cut deal - CNN.com
19 hours ago ... NEW: The House and the Senate are to take up the compromise Friday ... to extend the payroll tax cut for two months comes before the House ...
House Passes Extension of Cut to Payroll Taxes - NYTimes.com
WASHINGTON — Defying a veto threat from President Obama, the House on Tuesday passed a bill extending a cut in Social Security payroll taxes for 160 ...
Payroll Tax Cut Fight: House GOP Agrees To Two-Month Extension
WASHINGTON -- Ending a dramatic, weeks-long political standoff, House Republican leaders agreed Thursday to pass a Senate-endorsed short-term extension of the payroll tax cut in return for House-Senate negotiations on a year-long package. ... The House will take up and pass the bill as soon as Friday at 10 a.m. The bill will come up under unanimous consent, which means it can pass on a voice vote with only two lawmakers present: one in the speaker's chair ...
Republicans walk off House floor as Democrats try to extend payroll tax cut
Check this out: earlier this morning, moments after the House was gaveled into session, Democratic Minority Whip Steny Hoyer tries to make a motion to bring the Senate payroll tax cut extension up for a vote ... but the Republican presiding ...
Boehner Says Republicans Agree to Payroll Tax Cut Extension
22 (Bloomberg) -- House Speaker John Boehner agreed on a plan to extend a U.S. payroll-tax cut past its Dec. 31 expiration ... Obama and Senate Republicans ratcheted up pressure on Boehner to bring his caucus to agreement.
Disagreement Over Payroll Tax Cut’s Impact on Social Security
WASHINGTON — For all of the partisan brawling over President Obama’s call to extend a temporary payroll tax cut for 160 million Americans, one concern is bipartisan: a significant minority of Democrats and Republicans say that cutting the taxes that finance Social Security benefits will further undermine the program. The Obama - By JACKIE CALMES
As Both Parties Cut Deals on Payroll Tax Extension, Mack Takes to ...
As Both Parties Cut Deals on Payroll Tax Extension, Mack Takes to House Floor To Express Americas Frustrations With Washington, White House for Class Warfare Tactics.
Congress hopes to wrap up work on payroll tax cuts, despite serious opposition from some
WASHINGTON (AP) — Capping a full retreat by House GOP leaders, Congress will convene Friday in hopes of approving a stopgap measure renewing payroll ... that if the tax cuts were allowed to expire, Republicans would take a political beating ...
POLITICAL MEMO; Brinkmanship Again at Fore In the Capitol
WASHINGTON -- Their poll numbers sinking, their constituents badly bruised by economic hardship and with millions of American workers about to get a sudden and unexpected tax increase, what are members of Congress discussing? Shutting down the government. Again. For the third time in a year, the divided 112th Congress is dancing on the edge of - Political Memo; bitter partisan battle over how to pay for an extension of payroll tax cuts has sparked discussion in Congress of shutting down the government; leaders of both parties say they are determined to avoid a pre-Christmas shutdown and have expressed outrage, much of it manufactured, and blamed the other side for the potential shutdown; it is the third time this year that leaders have threatened such radical action. Photo (M) - By JENNIFER STEINHAUER
EDITORIAL; Putting Paychecks at Risk
If the House had actually voted on Tuesday on the two-month extension of the payroll tax cut in the Senate’s bill, there is a chance that it would have passed. There is a chance a truly ugly legislative wreck could have been avoided and that the take-home pay of 160 million workers would not be reduced in less than two weeks. But the House
HOUSE TO TAKE UP PAYROLL TAX CUT EXTENSION – CNN | financialwire.org
House to take up payroll tax cut extension. CNN By Alan Silverleib and Tom Cohen, CNN Washington (CNN) — The House is expected to pass as early as Friday a temporary extension of the payroll tax cut, a day after ...
GOP agrees to 2-month extension
GOP aides say House Republican leaders have agreed to a two-month extension of Social Security payroll tax cuts and federal unemployment ... on the separate House measure that would bring a year-long renewal of the payroll tax and jobless ...
House Republicans wave white flag on payroll-tax cut
If any members object, Speaker John Boehner, R-Ohio, would call the House back into full session next week for a vote, he told reporters Thursday. In addition to keeping Social Security payroll taxes at ... what a $40 cut in take-home pay ...
independent contractor tax deductions, ira tax deduction,1001,tips ...
If you are an American, you have to pay taxes. Sometimes it seems like you get it in the pantserr, bank account coming or going. If you get behind on your taxes ...
Could this be the problem?
The Senate passed the Payroll Deduction Tax bill extending the elimination of that tax for another 90 days. The President has been pushing the extension for a 12 month period but dickering between Democrats and Republicans has held the bill up. The Senate did work out a temporary compromise extending it for three months.
However, when the bill got to Congress they rejected it. Rather than allowing congress to discuss the bill congressional leaders forced them to vote either “yes” or: no” with no discussion.
They say they want the bill to be for 12 months. On top of that they have added numerous other additions into the bill including extending a pay freeze for all federal workers, cuts unemployment benefits over time from 99 weeks to 54 weeks, reverses an Obama-era rule that bars states from requiring drug tests of jobless applicants, and delays pollution regulations for industrial boilers.
When challenged why Congressmen Kantor said they want the bill to be for 12 months - not the 3 months President Obama wants (Obama has repeatedly said the bill Must Be Extended for 12 months) - and he neglected to include the other points the Republicans have added into the bill. He also added the bill will not pass until President Obama comes down to Congress and helps out! Speaker Boehner also said a similar thing yesterday when he said Obama has to come to Congress to force them to pass the bill.
Why do these two think Obama has to do the job for them? Why do they have to add all these other things into the bill? Does Kantor and Boehner feel they lack the leadership to push the bill through? A huge number of Congressmen including a lot of Republicans were ready to pass the bill until Kantor and Boehner added these things into it then announced they would not let the house discuss them or pass the Senate bill!
The responsibility lies with Congress. If it takes the President to get the job done then why does he not just issue an Executive Order extending the bill for an additional 12 months?
Category: Politics
New House GOP payroll tax proposal ties extension to Keystone ...
(Alex Brandon - AP) House Republicans are gearing up for a fight with the White House over the payroll tax cut extension. The chamber’s GOP leaders on ...
House Leaders Accept Short-Term Tax Cuts
WASHINGTON (AP/CBS) -- GOP aides say House Republican leaders have agreed to a two-month extension of Social Security payroll ... tax cuts if the deal comes to fruition. The agreement, however, is pending a House Republican conference call, scheduled to ...
House, Senate take up payroll tax cut extension after Speaker caves ...
House, Senate take up payroll tax cut extension after Speaker caves on opposition.
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