Boehner: House will reject 2-month payroll tax cut
House Speaker John Boehner states Republicans will defeat a short-term bill that would have prevented a tax hike on some 160 million Americans and called on Democrats to stay in Washington through the holiday if necessary to “finish the people’s business.”
Boehner told reporters on Capitol Hill on Monday that the Senate bill extending the payroll tax cut for only two months “creates uncertainty” in the economy. He stated Republicans would hold out for a bill that would extend the cuts for a year.
Boehner said: “It’s time for us to do our work.”
If Congress doesn’t act, some 160 million Americans would see their take-home checks cut by 2 percentage points beginning Jan. 1, when this year’s 4.2 percent payroll tax reverts to 6.2 percent.
source : nbcpolitics.msnbc.msn.com
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Submited at Monday, December 19th, 2011 at 7:00 pm on Politics by arrisa
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