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Dec 20, 2011

Payroll tax cut extension stuck in partisan fight

WASHINGTON (Reuters) – With a tax cut for 160 million U.S. workers set to expire in less than two weeks, Republicans and Democrats in Congress on Monday were mired in a last-ditch battle over extending it.

In a surprise turnabout, Republicans in the House of Representatives are now pushing for a one-year extension of the payroll tax cut and have rejected a short-term compromise struck by Republicans and Democrats in the Senate at the weekend.

Dec 19, 2011

Fate of payroll tax break uncertain

WASHINGTON (Reuters) – A tax break for 160 million American workers was in doubt on Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend.

House Speaker John Boehner, the top Republican in Congress, demanded a fresh round of bargaining with the Democratic-controlled Senate to extend the payroll tax break through the 2012 election year.

Dec 18, 2011

House Republicans oppose Senate payroll tax bill

WASHINGTON (Reuters) – The fate of an expiring tax break for 160 million American workers was in doubt on Sunday after the top Republican lawmaker distanced himself from a two-month extension just passed by Democrats and many fellow Republicans in the Senate.

House of Representatives Speaker John Boehner’s comments highlighted a divide between Republicans in the House and the 100-seat Senate, which passed the deal with 89 votes on Saturday.

Dec 17, 2011

Divided U.S. lawmakers muster modest tax deal

WASHINGTON (Reuters) – Deeply divided U.S. lawmakers eked out an agreement on Friday to extend payroll tax cuts for just two months and only after Democrats bowed to Republican demands on a controversial oil pipeline.

The deal, which still needs the approval of the full Senate and House of Representatives, fell far short of President Barack Obama’s push for a one-year extension of the tax relief and long-term unemployed benefits to boost the country’s fragile economic recovery.

Dec 17, 2011

Lawmakers agree 2-month payroll tax cut extension

WASHINGTON (Reuters) – Lawmakers on Friday agreed to extend a payroll tax cut for two months after Democrats bowed to Republican demands to expedite approval of a controversial oil pipeline.

The deal, which still would have to be approved by the full Senate and House of Representatives, fell far short of President Barack Obama’s push for a one-year extension of the tax relief and long-term unemployed benefits to boost the country’s fragile economic recovery.

Dec 17, 2011

Senate reaches tentative payroll tax cut deal-aides

WASHINGTON (Reuters) – Lawmakers intensified efforts on Friday to extend payroll tax relief for Americans, and it appeared likely that language to speed approval of a controversial oil pipeline might be part of a deal.

With Senate leaders huddling in offices near the Senate chamber in search of a payroll tax cut deal, the House of Representatives separately approved a nearly $1 trillion funding bill to avert a government shutdown this weekend and keep federal agencies operating through to September 2012.

Dec 16, 2011

Keystone pipeline looms large in U.S. tax-cut talks

WASHINGTON (Reuters) – Lawmakers intensified efforts on Friday to extend payroll tax relief for Americans, and it appeared likely that language to speed approval of a controversial oil pipeline might be part of a deal.

With Senate leaders huddling in offices near the Senate chamber in search of a payroll tax cut deal, the House of Representatives separately approved a nearly $1 trillion funding bill to avert a government shutdown this weekend and keep federal agencies operating through to September 2012.

Dec 8, 2011

House Republicans rally around payroll tax plan

WASHINGTON (Reuters) – Republicans in the House of Representatives began to fall into line on Thursday behind a bill to extend an expiring payroll tax break after their leaders sweetened the measure with a provision that President Barack Obama has threatened to veto.

The move to link the popular tax cut to a controversial pipeline project, which Republicans say would create needed jobs, sets the stage for a partisan brawl certain to increase voter disgust with a gridlocked Washington at a time of economic struggle.

Dec 8, 2011

US House Republicans fall into line on payroll tax

WASHINGTON, Dec 8 (Reuters) – Republicans in the U.S. House
of Representatives were falling into line on Thursday behind a
bill to extend a payroll tax break for workers after leaders
sweetened the legislation with a provision that has drawn a
veto threat from President Barack Obama.

The bill detailed by House Republican leaders in a closed
door session includes a measure requiring quick approval of the
Keystone XL pipeline that is to carry Canadian oil to Texas
refineries. Obama has delayed approval of the project for a
year to allow more review on its environmental impact.

Dec 5, 2011

Obama, fellow Democrats push tax cut extension

WASHINGTON, Dec 5 (Reuters) – President Barack Obama
prodded congressional Republicans on Monday to extend a payroll
tax cut, and his fellow Democrats proposed to fund it with
spending cuts and a “tiny surtax” on the rich.

Republicans will likely reject the Democratic move, which
appears aimed at cranking up pressure on them to compromise and
find a way to renew the popular tax break in advance of next
year’s congressional and presidential elections.

    • About Donna

      "Washington congressional correspondent specializing in economics, taxes and budget issues. Covered the healthcare reform legislation and President George W. Bush's push to overhaul Social Security. Also covered the savings and loan crisis and spent time covering the White House during President Bill Clinton's administration. Covered trade and Federal Reserve policy as well."
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