Arab Today, arab today house gop to huddle on payroll tax cut
Last Updated : GMT 15:18:28
Arab Today, arab today
Arab Today, arab today

House GOP to huddle on payroll tax cut

Arab Today, arab today

Arab Today, arab today House GOP to huddle on payroll tax cut

Washington - UPI

House Republicans called a Friday morning meeting on extending a U.S. payroll tax cut after 26 GOP senators joined 52 Democrats in blocking a GOP tax-cut bill.The Republican measure, which would have paid for a one-year tax-cut extension by freezing federal workers\' pay and cutting so-called discretionary spending, fell 20-78 Thursday night.Senate Minority Leader Mitch McConnell, R-Ky., said Tuesday most Senate Republicans favored extending the payroll-tax cut.Senate Majority Leader Harry Reid, D-Nev., capitalized on what Democrats called an embarrassment for McConnell.\"Republicans spent this week trying to convince us that they support middle-class tax cuts, but ... a majority of Senate Republicans voted against their own bill, calling into question whether they support middle-class tax cuts at all,\" he said.Sen. Jerry Moran, R-Kan., said he opposed extending the tax cut because it would cost the country money.\"When are we going to admit that we are broke?\" he said. \"We are putting off difficult decisions and leaving it up to our children and grandchildren to pay for our irresponsibility.\"The fall of the GOP bill followed the fall of a Democratic version of the same bill.The Democratic version won a 51-49 majority, nine votes short of the 60 needed for passage. That bill would have funded the 50 percent reduction in the Social Security payroll tax paid by employees with a surtax on people earning more than $1 million a year.Leaders of both parties insisted an agreement to extend the tax holiday was likely before it expires Dec. 31. If an agreement is not reached, virtually all wage earners would be hit with a tax increase Jan. 1.House Speaker John Boehner, R-Ohio, said ahead of Friday morning\'s meeting that despite the defeat of both bills in the Senate, \"I do believe there\'s enough common ground between where the White House and Democrats are and where Republicans are for us to move this legislation and to do so quickly.\"President Barack Obama called the Senate rejection of the Democratic version of the bill -- which Democrats say would save the average U.S. family $2,500 next year -- \"unacceptable.\"\"It makes absolutely no sense to raise taxes on the middle class at a time when so many are still trying to get back on their feet,\" he said.Workers this year have seen their payroll taxes cut to 4.2 percent of their wages from 6.2 percent, saving an average family $1,000. Democrats wanted to cut that further to 3.1 percent, adding another $1,500 in savings, and extend the tax break to employers.They would pay for the extension with a 3.25 percent surtax on income above $1 million.Republicans said their plan would be funded by freezing the pay of federal workers and cutting the government workforce by 10 percent through attrition, while cutting discretionary spending.The payroll-tax cut is only one issue Congress must tackle by Dec. 31.Lawmakers also face pressure to extend unemployment benefits another 99 weeks and adjust doctors\' Medicare payments so physicians don\'t see an abrupt decline in their fees.Congress also must act by Dec. 16 to continue funding the government.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today house gop to huddle on payroll tax cut Arab Today, arab today house gop to huddle on payroll tax cut

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday