START A PETITION 27,000,000 members: the world's largest community for good
START A PETITION
x
1,492,921 people care about Politics

Payroll Tax Holiday Extension Still In Limbo

Payroll Tax Holiday Extension Still In Limbo

The one thing everyone in Congress seems to still agree on is that everyone wants to extend the payroll tax holiday past the end of the year.  The problem, as always, is there is still no agreement on how exactly to pay for it.

The Senate Republicans and Democrats have both pushed bills now that have been blocked by the other party, resulting in yet another political deadlock. The GOP continues to balk at the idea of asking those who earn more than one million dollars a year to have a small tax increase to make up for the lost revenue, and the Democrats are still not comfortable with paying via an even longer federal employee pay freeze and potential government layoffs.

But the utter inability to find common ground doesn’t seem to have anyone too concerned at the moment.  Senate Majority Leader Harry Reid has announced that a compromise will be hitting the senate floor on Monday morning, although no one, not even the chairman of the Senate Budget Committee, has any idea what that might entail.

“…I think it’s up to him to define his plan, to discuss his plan,” said Democratic Senator Kent Conrad, speaking on Fox News Sunday. “But it will be paid for. It’ll be paid for in a way that is credible and serious…It will represent a compromise from what was voted on last week.”

A compromise may be even more difficult to create, though, when some factions of the GOP are demanding that the full amount of the holiday be paid for in the year in which it will take place.  “The question the American people ought to ask is, ‘Where is the backbone in Washington to actually pay for these extensions in the year in which the money is spent?’ ” asks Republican Senator Tom Coburn.

The real question will be how long the Republicans can continue to stand in the way of a what, if not renewed, essentially will turn into a tax increase on a majority of Americans, all in the defense of the country’s richest.  As the 2012 elections get even closer, eventually the party will need to balance the needs of their constituents with that of their donors.

Read more: , , ,

Photo credit: wikimedia commons

have you shared this story yet?

some of the best people we know are doing it

49 comments

+ add your own
1:11PM PST on Dec 6, 2011

Hey, Care2 writers. I have a suggestion. Since I'm 22, and a decent representative of the younger demographic on here, I want to say that people my age have no !#$%ing idea whath the Payroll Tax is. So PLZ explain stuff like this. I shouldn't have to Google everything to know what the news is talking about. If you're serous about making political change, start with educating your own readers. The more educated the average young voter like me is, the better chance you have of connecting, and ensuring a better future when you're in the old folk's home in 40 years. TY, have a nice day.

12:44PM PST on Dec 6, 2011

For anyone who is “sincerely” caring about this country, and wants to open their eyes to what’s really going on, please click on the link below and read this article. The author, with many, many, years of inside experience, feels BOTH THE DEMOCRATIC AND THE REPUBLICAN PARTIES ARE ROTTEN, and presents his case in a very: clear, factual, thorough, way.

http://www.alternet.org/story/152305/confessions_of_a_gop_operative_who_left_%22the_cult%22%3A_3_things_everyone_must_know_about_the_lunatic-filled_republican_party?page=entire

12:34PM PST on Dec 6, 2011

Daine has apparently had her eyes closed or is not listening. They ARE finding fraud in medicare and are fixing it as they find it. Its been significant amounts of money. Acting like nothing in that arena is going on is delusional. The fraud hasn't been us patients defrauding the system….its the insurance companies and some Doctors. They are being found out though.

9:35AM PST on Dec 6, 2011

Thank you for the article...

7:01AM PST on Dec 6, 2011

It couldn't be much more clear that current republicans only support the 1%.

Given that about 68% of all Americans, including 61% to 68% of millionaires, support an increase in taxes on income over $1 million, AND that tax cuts that stimulate the economy the most are payroll tax cuts, AND that this is the first and only exception to the Norquist "never raise taxes" pledge... what else do they have to do to show how little they support the rest of the country? Actually hand out checks from lobbyists on the floor of the house? That's right, Boehner did that a few years back with checks from the tobacco industry!

9:20PM PST on Dec 5, 2011

cont. ----- http://videosift.com/video/US-Defense-Budget-Explained-with-OREO-Cookies-Flash-ver

The figures at that time were:
K-12 Education = 35 Billion
World hunger = 10 Billion
Alternate energy = 2.5 Billion
Children's healthcare = 40 Billion
Head Start = 7.5 Billion
PENTAGON = 400 BILLION --- (THIS IS MANY, MANY, MANY, TIMES MORE THAN WHAT'S SPENT ON EDUCATION AND HEALTHCARE) Why is killing people and creating more and more weapons to freely distribute around the world, so much more important than educating and saving people's lives??? Only because there is more money to be stolen from the people, via war and killing! Especially when the Military spends $400.00 apiece for toilet seats, and other horrendously wasteful spending like that. Talk about redistributing the wealth!!! Plus, history has shown it’s much easier to control poor, uneducated people.

And, Russia was only spending 70 Billion, compared to our 400 BILLION
And, China was spending 50 Billion and
Bush's infamous Axis of Evil was only spending 7.5 Billion

Our Pentagon spending is way, way, way out of proportion!!! While education and healthcare is far, far, more important, even financially so, in the long run!

9:19PM PST on Dec 5, 2011

There are certainly a few people here who just have no interest what-so-ever in getting what's happening here. The Republicans are totally opposed to the health and well-being of the people of this beautiful country, and this is just one more major example of this. If it isn't in favor of the super-rich, they don't want anything to do with it. Unless, of course, it supports war and the Pentagon.

Four years ago, Ben & Jerry's did a great video displaying the horrific disproportional use and redistribution of the tax payers money to support war and killing, vs. health and education. If you, Diane O. or Steve R., truly care anything about our country, please check out this sight, and others please check it out as well

----- http://videosift.com/video/US-Defense-Budget-Explained-with-OREO-Cookies-Flash-ver

The figures at that time were:
K-12 Education = 35 Billion
World hunger = 10 Billion
Alternate energy = 2.5 Billion
Children's healthcare = 40 Billion
Head Start = 7.5 Billion
PENTAGON = 400 BILLION --- (THIS IS MANY, MANY, MANY, TIMES MORE THAN WHAT'S SPENT ON EDUCATION AND HEALTHCARE) Why is killing people and creating more and more weapons to freely distribute around the world, so much more important than educating and saving people's lives??? Only because there is more money to be stolen from the people, via war and killing! Especially when the Military spends $400.00 apiece for toilet seats, and other horrendously wasteful spending l

6:54PM PST on Dec 5, 2011

Thank you.

4:55PM PST on Dec 5, 2011

If we were seious, we would be passing an expansive public health care act to deliver services to rural and underserved urban communities, passing federal aid for schools to increase teacher's pay and hire school aids, passing more generous unemployment benefits, passing aggressive public works to rebuild the infrastructure Clinton promised to fix but never got around to, subsidizing unlimited temporary local government hires at three times minimum wage plus full benefits on the condition that the workers do socially-useful work, starting to pay for parents to care for their children, etc. Instead, we are talking about not repaying the loans social security has given our government to subsidize the deficit, dickering over whether the superrich should pay 35% or 39% for their highest income while we tax capital gains at a much lower rate. Then all of the no-tax-increase-ever pledgers are not sure whether we can afford to continue a payroll tax holiday on working people. We are a sick society and really need to consider our priorities.

3:49PM PST on Dec 5, 2011

Pressure Congress to pass the American Jobs Act.
sign the petition to/at 'get money out' or go to dylanratigan.com to sign.
Support OWS.
Tell Congress to raise taxes on the wealthy.
Tell Newt "The Grinch who stole Childhood" that rich children who have everything handed to them on the silver platter to become janitors so they can learn the work ethic.

add your comment



Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

Care2 - Be Extraordinary - Start a Care2 Petition
ads keep care2 free
CONTACT THE EDITORS

Recent Comments from Causes

I will prefer this blog because it has much more informative stuff.

Thanks. Reminded me to start gardening again.

I don't know if there is something just wrong about the way I am wired, but I am just completely astounded,…

ads keep care2 free



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.