shortformblog: manicchill: Payroll Tax Cut Impact: What If It’s Not Extended? | CNN Money House Republicans on Tuesday rejected the the two-month payroll tax extension passed by the Senate. But they did so indirectly. Rather than bring the bill to the floor for a direct vote — and risking the measure actually passing — they voted to instruct House negotiators to push for a year-long extension in a conference with the Senate. The problem is that Senate Majority Leader Harry Reid has said there would be no further negotiations until the House passes the temporary two-month extension to insure the tax cut doesn’t lapse after Dec. 31. Welcome to the latest, completely willful congressional standoff. Read More $1,000 is a big chunk for people who make $50,000 a year. The Republicans are ridiculous.
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Payroll Tax Cut Impact: What If It’s Not Extended? | CNN Money

House Republicans on Tuesday rejected the the two-month payroll tax extension passed by the Senate. But they did so indirectly.

Rather than bring the bill to the floor for a direct vote — and risking the measure actually passing — they voted to instruct House negotiators to push for a year-long extension in a conference with the Senate.

The problem is that Senate Majority Leader Harry Reid has said there would be no further negotiations until the House passes the temporary two-month extension to insure the tax cut doesn’t lapse after Dec. 31.

Welcome to the latest, completely willful congressional standoff.

Read More

$1,000 is a big chunk for people who make $50,000 a year.

The Republicans are ridiculous.

(via shortformblog)

Source: CNN

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