Social Security tax deal overwhelmingly passed by Senate is opposed by House GOP. House Speaker Boehner says two-month extension of Social Security payroll tax cut is too short.
Payroll tax cut advocates had hoped a Senate deal Saturday would keep the Social Security payroll tax cut in effect for 2012. But the House, under Speaker John Boehner, it set to reject the deal.
The US Senate – battered by fiscal crisis and gridlock – voted Saturday to fund the government through FY 2012 and extend a payroll tax cut, set to expire on Dec. 31. The House is expected to vote next week.
The House and Senate are set to vote Friday on a huge omnibus bill to fund government for the rest of fiscal 2012. Unemployment insurance and payroll tax cut are still up in the air.
Time was, an 11th-hour omnibus spending bill to avoid a government shutdown was an invitation for members of Congress to push through pork projects. This year the tussle is over policy riders.
Government shutdown looms because of the absence of spending legislation. But GOP, Democratic leaders are sounding bipartisan notes to resolve conflict over payroll tax cuts and unemployment benefits and avert a government shutdown.
Payroll tax measure should have been a quick vote, according to some in Congress. But the Senate will not vote on the House's payroll tax cut until they "finish our most immediate concern first," says the Senate minority leader.
A provision into the omnibus spending bill being negotiated in Congress this week could present a terrible quandary for thousands of Cuban-Americans, warns guest blogger Anya Landau French.
Republicans are blocking the appointment of Richard Cordray as director of the Consumer Financial Protection Bureau. Obama says he won't back down on his effort to protect middle-class Americans from deceptive business practices and prevent another financial meltdown.
Payroll tax plan from House Republicans would extend Social Security payroll tax and unemployment benefits, although trimmed from current levels.