Reports: House GOP gives in, agrees to two-month tax holiday
National Journal is reporting that the House has backed down and agreed to pass, for now, only a two-month extension of the payroll-tax holiday. The AP and The Hill are reporting the same.
The bill reportedly will be the same as the one the Senate passed with a large bipartisan majority, except for “a technical correction to the language designed to minimize difficulties businesses might experience implementing the short-term, two-month tax cut extension.” As part of the deal, Senate Majority Leader Harry Reid will appoint conference-committee members to negotiate away the differences between his chamber’s bill and the House version, which called for a full-year textension.
House Republicans made this more embarrassing than they had to, by not backing Speaker John Boehner’s reported pledge to pass the two-month extension in the first place. They had a victory in hand with the agreement by the Senate and President Obama — who’d originally threatened a veto — to include a provision speeding up the approval process of the Keystone XL pipeline. Having already conceded the debate about whether a temporary tax cut is economically effective, they should have realized the issue was pure politics, booked that victory, and not risked spoiling it.
Assuming all goes off without a hitch, we’ll see who holds the political high ground when the debate turns to extending the holiday for the rest of 2012. After all, that — holding the political high ground — is all this exercise was really ever about. When congressional leaders wait until the weeks before Christmas to decide what to do about taxes in the new year, incompetence and lack of actual concern for taxpayers abound.
P.S. — I’ll update this post with further details as warranted.
– By Kyle Wingfield
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203 comments Add your comment
td
December 22nd, 2011
8:57 pm
Shine
December 22nd, 2011
8:49 pm
It depends on the reason for raising the taxes. If it is to pay for more welfare programs then the answer is no.
Centrist
December 22nd, 2011
8:58 pm
Links won’t post correctly here. Google this: millionaires not paying taxes
Michael H. Smith
December 22nd, 2011
9:00 pm
I was watching Dr. Monica Crowley on FoxBiz News and she seen this payroll tax cut in the same context as I do.
Cutting payroll taxes is a no-brainer with SS and Medicare already in fiscal difficulties. Yeah but I know this is the same old game politicians play all the time, put money in front of somebody and they take it, they really don’t care where it came from, are who the politicians took the money from just give me the money right here and now no matter what the consequences are going to be tomorrow.
Now you should know who really caused the MESS!
We have only ourselves to thank.
What Goes Around Comes Around
December 22nd, 2011
9:00 pm
@Lil’ Barry Bailout (Revised Downward) December 22nd, 2011 8:29 pm
*********************************************************
Uh uh — Looks like another ANGRY WHITE MAN just bit the dust.
Ron Paul’s PAST JUST CAUGHT UP WITH HIM. They are DROPPING LIKE THE FLIES THEY ARE.
ANGRY WHITE MEN need to keep their BIG mouths SHUT and stop putting their FOOT in it!
What Goes Around Comes Around
December 22nd, 2011
9:03 pm
@Lil’ Barry Bailout (Revised Downward) December 22nd, 2011 8:29 pm –
****************************
What’s that sound I hear?
ITS JOHN BOEHNER CRYING UNCLE!
Thanks ANGRY WHITE MEN – OBAMA in 2012
td
December 22nd, 2011
9:06 pm
Michael H. Smith
December 22nd, 2011
9:00 pm
Dr. Crowley is a very smart woman. There will now be a crisis is social security in a few years and I can hear the progressive solutions now:
1: Means test the program (the evil rich do not deserve the benefits)
2: Raise the income limits.
3: Retirement security. Let us confiscate all the 401k accounts and retirement accounts so that everyone can receive something (the same amount) in retirement.
Centrist
December 22nd, 2011
9:08 pm
Our tax problem is mostly from the tax cheating underground economy, and this vote buying tactic:
http://1.bp.blogspot.com/–OpD5Ei1noQ/To4wBSFXOSI/AAAAAAAAMIQ/94BWwl2aBk8/s1600/fair+share%252C+obama+cartoons.jpg
td
December 22nd, 2011
9:09 pm
What Goes Around Comes Around
December 22nd, 2011
9:03 pm
Can you please explain to us “angry white men” how your savior in chief is going to win re election next year? What states will he win? BTW: you do understand that if you are going to the polls in Georgia to vote for Obama next year that your vote will not be counted? All the votes from Georgia will be cast for the Republican nominee.
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
9:09 pm
Centrist–I found a link at ABC News. Here is how some millionaires end up not paying income taxes…
“In most cases, they are paying taxes outside the U.S. and the federal government says, ‘We are not going to double tax you. If you pay tax overseas and that’s as much or more than you pay here, we aren’t going to charge you more,’” Williams said.
Mark Robyn, an economist at the Tax Foundation, said this foreign income tax credit avoids the problem of double taxation.
“That generally seems like a pretty acceptable feature of a tax code — to avoid unfairly taxing people twice for the same income,” Robyn said.
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
9:10 pm
http://abcnews.go.com/Politics/1500-millionaires-pay-income-tax/story?id=14242254#.TvPiUzX2Yus
Michael H. Smith
December 22nd, 2011
9:16 pm
Centrist
December 22nd, 2011
8:58 pm
Yeah and why aren’t those millionaires and billionaires paying taxes?
It isn’t because their tax rate isn’t high enough.
Listen real closely because I’m going to whisper type the reason this time around so maybe even the brain dead will figure out how to make the so-called “evil rich” pay what has been called “their fair share”.
Are you ready silent drum roll please… Eliminate all subsidies e.g. tax shelters, exemptions, loopholes, carve-outs etc., etc.
Rafe Hollister
December 22nd, 2011
9:19 pm
What goes around
THEY CAVED! THE REPUBLICANS AIN’T THAT SMART ARE THEY?
Maybe they need to apply for admission to Harvard!
Which brings to mind a question, how did a self admitted “poor” student at Occidental College get admitted to Harvard? Any why does he block the release of his educational records? Why do we know how poorly Rick Perry did in his classes at Po Dunk Univ in Texas, but do not know a thing about Obama’s record. Why has none of his peers ever come forward with war stories about the good ole days hanging with bro Barry at Harvard yard? Mystifying to say the least.
BRW
December 22nd, 2011
9:23 pm
td…………tick…………..td……………tick……….empty words still
What Goes Around Comes Around
December 22nd, 2011
9:23 pm
WHERE YOU AT LIL BARRY BAILOUT!
Your silence is deafening!
Looks like OBOZO is going to be “YOUR” president fo mo years!
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
9:25 pm
Funny how the one goober here hung up on race is…a Democrat Obozo supporter.
But that’s pretty much the way it is all over. Republicans don’t care what race people are. To Democrats, it’s everything.
Shine
December 22nd, 2011
9:25 pm
TD, would you raise taxes on millionaires to pay for the two unfunded wars, medicare part d republican created communism, dept of homeland security and its 177000 employees republican created communism?
L. Barry Obozo
December 22nd, 2011
9:29 pm
Ya jas gosta loves it when these Obamaphiles talks dirty.
What Goes Around Comes Around
December 22nd, 2011
9:29 pm
@Rafe Hollister December 22nd, 2011 9:19 pm – Which brings to mind a question, how did a self admitted “poor” student at Occidental College get admitted to Harvard? Any why does he block the release of his educational records?
****************************************************************
Hahahahahahahahahahahahahahahaha!
I don’t give a RATS A## about Obama’s grades!
STOP PLAYING DOG WHISTLE POLITICS BRO!
Obama is smarter than any of those ANGRY WHITE MEN REPUBLICANS and TODAY PROVED IT!
Get over it …………THE ANGRY WHITE MEN GOT OUTSMARTED BY THE COOL CALM BLACK MAN FROM HARVARD!
Hahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha:)
Dusty
December 22nd, 2011
9:30 pm
Well, well, Obama did indeed outsmart the angry white man. Also the angry black man, the angry red man, the angry tan man and the yellow one.. Yep, he got a two month temporary expensive bill passed and then took off on one of those million dollar vacations in Hawaii.
You got to hand it to him. He’s got the “poor” guys voting for him and begging for him! But they are still poor and so is everybody else with the US debt growing like Topsy.
Yes sir, this man’s gotta have a fine vacation,. Everybody should, even the poor guy who voted for him and can only afford a ride downtown on MARTA.
Yep, he outsmarted everybody. And yet some of the losers keep applauding!
Shine
December 22nd, 2011
9:30 pm
Dear Republicans Kooks, “Job creators” Tiger Woods, Brett Favre, etc are suffering and need a tax break.
What Goes Around Comes Around
December 22nd, 2011
9:35 pm
@Lil’ Barry Bailout (Revised Downward) December 22nd, 2011 – 9:25 pm
Funny how the one goober here hung up on race is…a Democrat Obozo supporter.
But that’s pretty much the way it is all over. Republicans don’t care what race people are. To Democrats, it’s everything.
*************************************************
Did I HURT YO FEELING LIL BIDDY?
I would rather be a Democrat Obozo supporter than AN ANGRY WHITE MEN REPUBLICAN SUPPORTER!
HOW IS THAT WORKING OUT FOR YA?
Are you among the CAVE MEN?
Hahahahahahahahahahahahahahahahahaha.
Shine
December 22nd, 2011
9:37 pm
“Job creator” and feetsball playuhh Chris Johnson signs a revised four-year, $53.5 million contract extension with $30 million guaranteed.
What Goes Around Comes Around
December 22nd, 2011
9:38 pm
@Dusty December 22nd, 2011 – 30 pm
Well, well, Obama did indeed outsmart the angry white man. Also the angry black man, the angry red man, the angry tan man and the yellow one.. Yep, he got a two month temporary expensive bill passed and then took off on one of those million dollar vacations in Hawaii.
**************************************************
Listen GREEN EYED MONSTER! Don’t hate the player hate the game!
Hahahahahahahahahahahahahahahahahahahahahaha
Shine
December 22nd, 2011
9:42 pm
“Job creators” in baseball………..Name Position Team(s) Salary Ref
Rodriguez, AlexAlex Rodriguez 3B New York Yankees $32,000,000 [16]
Wells, VernonVernon Wells OF Los Angeles Angels $26,187,500 [17]
Sabathia, CCCC Sabathia SP New York Yankees $24,285,714 [18]
Teixeira, MarkMark Teixeira 1B New York Yankees $23,125,000 [19]
Mauer, JoeJoe Mauer C Minnesota Twins $23,000,000 [20]
Santana, JohanJohan Santana SP New York Mets $21,644,707 [21]
Helton, ToddTodd Helton 1B Colorado Rockies $20,275,000 [22]
Cabrera, MiguelMiguel Cabrera 1B Detroit Tigers $20,000,000 [23]
Halladay, RoyRoy Halladay SP Philadelphia Phillies $20,000,000 [24]
Howard, RyanRyan Howard 1B Philadelphia Phillies $20,000,000 [25]
Beltran, CarlosCarlos Beltran RF San Francisco Giants $19,325,436 [26]
Lee, CarlosCarlos Lee LF Houston Astros $19,000,000 [27]
Soriano, AlfonsoAlfonso Soriano LF Chicago Cubs $19,000,000 [28]
Zambrano, CarlosCarlos Zambrano SP Chicago Cubs $18,875,000 [29]
Hunter, ToriiTorii Hunter CF Los Angeles Angels $18,500,000 [30]
Zito, BarryBarry Zito SP San Francisco Giants $18,500,000 [31]
Bay, JasonJason Bay OF New York Mets $18,125,000 [32]
Suzuki, IchiroIchiro Suzuki RF Seattle Mariners $18,000,000 [33]
Beckett, JoshJosh Beckett SP Boston Red Sox $17,000,000 [34]
Burnett, A.J.A.J. Burnett SP New York Yankees $16,500,000 [35]
Dusty
December 22nd, 2011
9:46 pm
Listen, Minnie Hahahaha, nobody is hating anybody but you. You are so busy gloating you think everybody is doing it.
There was a political discussion before you barged in laying fouls on the players. Go ride MARTA and take a vacation! You deserve it!
What Goes Around Comes Around
December 22nd, 2011
9:48 pm
Whatever YOU ANGRY WHITE MEN HAVE I hope it is not CONTAGIOUS!
Now Ron Paul has been EXPOSED for RACIAL comments he published in a newsletter years ago and now he is DENYING IT!
COWARDS. ANGRY WHITE MEN throw rocks and hide their hands.
Dusty
December 22nd, 2011
9:50 pm
SHINE,
If you shine enough shoes, you can be a “job creator” too. Get busy! Pouting over somebody who “made it” will get you nowhere. Ahhh, wealth envy, the plague of mankind!
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
9:53 pm
Shine’s point appears to be that some people earn more than others.
Thank you, Captain Obvious.
td
December 22nd, 2011
9:54 pm
Shine
December 22nd, 2011
9:42 pm
And how much of that money do they spend and how many jobs does that produce? What should the government do with all this money? Redistribute it to the people that do not have the same skill sets as these players? Set up more useless government programs that do not help prevent poverty?
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
9:54 pm
Yeah, we would really hate it if Ron Paul got taken out so bad that he didn’t even consider a third-party run. Be careful what you wish for, einstein.
Dusty
December 22nd, 2011
9:56 pm
What goes Round
I don’t know what neighborhood you live in but I haven’t seen a single white (or black) man throwing rocks.
Where’s that park where you do your preaching? You still got a tent there?
What Goes Around Comes Around
December 22nd, 2011
9:56 pm
Dusty December 22nd, 2011 9:46 pm – Go ride MARTA and take a vacation! You deserve it!
There was a political discussion before you barged in
**********************************
You aint the boss of me boss!
You would not know a political discussion if it hit you over the head. All I ever read is BS, lies and dog whistle comments. All you do is berate and disrespect everyone who does not agree with you.
The trouble with “YOU PEOPLE” is you can DISH IT but you can’t TAKE IT.
Good Night
What Goes Around Comes Around
December 22nd, 2011
9:58 pm
@Dusty December 22nd, 2011 9:56 pm
******************************************
Listen up Rusty Dusyt @@#$#$$ @@@ %^%$%% @@@@ $$$ **** YOU
td
December 22nd, 2011
10:00 pm
What Goes Around Comes Around
December 22nd, 2011
9:48 pm
It is so nice to know that on election day next year that I am going to be thinking about you. I am going to walk into the polling booth and cast my vote for the Republican nominee and laugh all the way back home knowing that this “angry white man” just made sure your vote for Obama was not counted. LOL TOUCH DOWN DAWGS win!!!!!!!
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
10:00 pm
We trust that when you come back tomorrow, you’ll have another clever screen name…”If It Ain’t Broke Don’t Fix It”…”I’m With Stupid”…”Ass Gas Or Grass, Nobody Rides For Free”…
Let’s hope the convenience store doesn’t run out of koozies.
Shine
December 22nd, 2011
10:11 pm
Job creators…gag. Them aint job creators is the point. Yall sound like yall got class envy.
Dusty
December 22nd, 2011
10:12 pm
My my, looks like I may have been nominated for the Most Popular Woman Award.@9:58
,
Well, thank you very much but I cannot accept. It might make me rich and famous and force me to take vacations in Hawaii.
(Just a joke, honey, relax!)
Shine
December 22nd, 2011
10:13 pm
And when the electoral college is tallied up, i will sleep well knowing td and the rest of the kooks here votes in Ga did not count…..just like last time…lmao! save ya gas cause yall dont matter!!
td
December 22nd, 2011
10:18 pm
Shine
December 22nd, 2011
10:13 pm
And when the electoral college is tallied up, i will sleep well knowing td and the rest of the kooks here votes in Ga did not count…..just like last time…lmao! save ya gas cause yall dont matter!!
See you do not understand my friend. When the electoral college is added up it will say for histories sake that Georgia cast 16 votes for the Republican nominee (even if Obama wins) but there will be no record of the Obama supporter in Georgia ever cast a vote. My vote will count but the Obama voter’s in Georgia will not. Just thrown out like the bath water never to be seen.
Shine
December 22nd, 2011
10:22 pm
Td doesnt understand point systems. When you get 10 and the opponent gets 11 you lose just like you would if you had gotten zero. Save ya gas!! No GOP votes in Ga matter!
Dusty
December 22nd, 2011
10:28 pm
Awww Shine dun gone and got mad! Can’t even sleep good.
Come on, Shine, we all matter, doncha know? That’s why we got us a great country. Remember?
So sleep tight and forget elections. We’ve had ‘em before and we argued and we made it. No use to run up the old BP for a whole year. Not good for you.
Shine
December 22nd, 2011
10:30 pm
Aw, Dusty done messed his diaper. He knows when the fog between his ears has been exposed.
Andre
December 22nd, 2011
10:32 pm
You all should know by now TD is a troll and you should just ignore him.
Shine
December 22nd, 2011
10:35 pm
Andre is right. But its such fun pointing out to td that he is, like the poor, just irrelevant.
Geo
December 22nd, 2011
10:38 pm
Oh Great!! Now our friends on the Left can stick their backsides up in the air and enjoy a sixty day hiatus.
Enjoy more air time.
Dusty
December 22nd, 2011
10:39 pm
Awww SHINE almost a good one!
Except I gave up diapers at age one and I’m a luminous lady lighthouse of learning and literature.
Ha! And you did not even notice! Awwww
td
December 22nd, 2011
10:41 pm
Shine
December 22nd, 2011
10:22 pm
It is still way to early to tell if Obama is going to be re elected or not next year but I have some serious questions as to how he will win such states as Ohio, Florida, NH, NC and even Penn next year when his state approval ratings in those states are as low if not lower then they are in Georgia. Could you answer that question?
Shine
December 22nd, 2011
10:41 pm
Geo, maybe that boot in the nuts the GOP just got will heal by then and they start acting sane.
Shine
December 22nd, 2011
10:42 pm
TD, Riddle me this and riddle me that when Novemeber comes we will have a chat.
Shine
December 22nd, 2011
10:44 pm
Yes, the fogbank between the ears is thick thick thick on the Dusty one.