The New York Times: Reports that US House and Senate have passed an extension of the payroll tax cut and an extension of unemployment benefits. This issue was needed out of the way by Congressional Republicans, in 2011 the Oval could define the Republicans as wanting to hikes taxes on the working class because they argued that these taxes should be paid for with budget cuts, the Democrats wanted hikes taxes on the wealthier Americans, the Republicans would not do that, thus a bitter fight before Republicans caved on the issue, this limited deal in 2011 was reaching its deadline this month, the new deal with take the issue off the table for the year, the deal cuts public sector benefits and cuts the money for ObamaCare. Thus a good political move by the Republicans for once, some extreme liberals wont be happy, that helps Obama, shows to voters that he will do deals even in an election year. Everyone wins IN till next year folks.
Friday, February 17, 2012
Tax Cuts and Welfare Benefits
The New York Times: Reports that US House and Senate have passed an extension of the payroll tax cut and an extension of unemployment benefits. This issue was needed out of the way by Congressional Republicans, in 2011 the Oval could define the Republicans as wanting to hikes taxes on the working class because they argued that these taxes should be paid for with budget cuts, the Democrats wanted hikes taxes on the wealthier Americans, the Republicans would not do that, thus a bitter fight before Republicans caved on the issue, this limited deal in 2011 was reaching its deadline this month, the new deal with take the issue off the table for the year, the deal cuts public sector benefits and cuts the money for ObamaCare. Thus a good political move by the Republicans for once, some extreme liberals wont be happy, that helps Obama, shows to voters that he will do deals even in an election year. Everyone wins IN till next year folks.
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