payroll tax cut

The Washington stand-off continues, and it continues to turn-off Americans, in a time where morale needs to be on the rise.

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Yesterday, the House rejected a plan to extend a Social Security payroll tax cut for two months and Republican members are demanding that the U.S. Senate return to negotiate an extension for the entire year. 

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The House Tuesday rejected legislation to extend a payroll tax cut and jobless benefits for two months, drawing a swift rebuke from President Barack Obama that Republicans were threatening higher taxes on 160 million workers on Jan. 1.

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A bipartisan bill out of Washington, D.C. that would temporarily prevent a payroll tax increase is creating massive rifts for politicians on both sides of the aisle.

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The Republican-controlled House intends to wait until Tuesday to reject a Senate measure providing a two-month extension of Social Security payroll tax cuts due to expire on Dec. 31.

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The Senate has passed a $1 trillion-plus year-end budget bill for President Barack Obama's signature as part of a congressional endgame also featuring action on a two-month extension of a cut in the Social Security payroll tax and jobless benefits for the long-term unemployed.

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Officials say Democratic lawmakers are considering whether to jettison their demand for a surtax on millionaires as a way of covering the cost of a Social Security payroll tax cut extension.

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The Senate has wrapped itself into a partisan tangle over its year-end tax and spending business.

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Republicans are girding to push a bill through the House that would continue a payroll tax cut for 160 million workers, but has drawn White House and Democratic objections because it would also force work on a controversial oil pipeline.

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House Speaker John Boehner is predicting that the House will approve legislation that renews a payroll tax cut and curtails extra benefits for the long-term unemployed.

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