Payroll Tax, Payroll Tax Cut | featured news

Bargainers reach deal to head off gov't shutdown

Harry Reid

Congressional negotiators reached agreement Thursday on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year but prepared a shorter version as a fallback in case talks fell short.

 

Senate rejects quick vote on payroll tax bill

Senate Republicans have thwarted a quick vote sought Wednesday by Democrats on a House-passed GOP bill to extend the payroll tax cut. Democrats called for the ballot to prove that the measure doesn’t have the votes to pass the chamber they control. In seeking the vote, Senate Majority Leader Harry M. Reid said that the Senate needed to kill the House bill, which was approved Tuesday, to negotiate a settlement to the protracted partisan fight.

 

Obama promises big push on payroll tax cut

President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for U.S. workers, saying lawmakers must not leave for their holiday break without taking action on it.

 

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