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Thread: House leader rejects Senate payroll tax plan(edited)

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by 1Perry View Post
    Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly.

    Pete Isberg, president of the NPRC today wrote to the key leaders of the relevant committees of the House and Senate, telling them that “insufficient lead time” to implement the complicated change mandated by the legislation means the two-month payroll tax holiday “could create substantial problems, confusion and costs affecting a significant percentage of U.S. employers and employees.”


    Two-Month Payroll Tax Holiday Passed By Senate, Pushed By President, Cannot Be Implemented Properly, Experts Say - ABC News

    Passing the bill wil mean no change at all to withholding, and the full year version would be passed before this expires again meaning no change. With no agreement their will most likely be a retroactive version passed next year. Wouldn't that be more of a pain than making no changes? Of course it will and this in nothing but a red herring.

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    Re: House leader rejects Senate payroll tax plan(edited)

    Quote Originally Posted by apdst View Post
    Obama promised to veto the bill anyway.
    Wrong, Obama promised to sign the 2 month extension even though it was not what he wanted. He's forced to make alot of lemonade with Congress so full of lemons.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by Born Free View Post
    The poison pill you speak about is the Republicans wanting jobs. Democrats have never cared about jobs, just entitlements, and more borrowing and spending.
    LOL Why is it that Republican administratons have such a bad record of job creation then? They WANT high unemployment it keeps wages stagnant.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by iguanaman View Post
    Passing the bill wil mean no change at all to withholding, and the full year version would be passed before this expires again meaning no change. With no agreement their will most likely be a retroactive version passed next year. Wouldn't that be more of a pain than making no changes? Of course it will and this in nothing but a red herring.
    If it's going to pass anyway, just pass it. As far as the ramifications, I think I'll stick with the experts here.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by Born Free View Post
    The poison pill you speak about is the Republicans wanting jobs. Democrats have never cared about jobs, just entitlements, and more borrowing and spending.
    No, the main poison pills I'm speaking of are reducing unemployment insurance from 99 weeks to 59 weeks, allowing states to drug test people applying for unemployment, and forcing a premature decision on the XL pipeline. Republicans know that Democrats will never go for any of those provisions. On the flip side, Republicans were most vocal about their objection to the Democrats' plan of paying for the payroll cuts via a surtax on income over a million dollars. So what did Democrats do? They dropped that idea.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by AdamT View Post
    No, the main poison pills I'm speaking of are reducing unemployment insurance from 99 weeks to 59 weeks, allowing states to drug test people applying for unemployment, and forcing a premature decision on the XL pipeline. Republicans know that Democrats will never go for any of those provisions. On the flip side, Republicans were most vocal about their objection to the Democrats' plan of paying for the payroll cuts via a surtax on income over a million dollars. So what did Democrats do? They dropped that idea.
    But the democrats are only making a 2 month deal. Let’s get the yearlong deal. Even better, let's permanently adjust the tax rate where everyone is happy, this way we don't have to waste congressional time every 6 weeks to figure the damn thing out again. It is becoming ground hog day.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Also, I heard a snippet from Pelozi about how keeping unemployment at 99 weeks or extending would actually create jobs. Did I mishear? How does that work?
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by Blue_State View Post
    Also, I heard a snippet from Pelozi about how keeping unemployment at 99 weeks or extending would actually create jobs. Did I mishear? How does that work?
    ETA News Release: US Labor Department study underscores positive impact of unemployment insurance [11/16/2010]

    Quote Originally Posted by Department of Labor
    ...for every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars.
    Which means we can spur the economy to infinity by increasing the tax rate to 99.9999999999999999999999999% and put all the money into unemployment. :P
    Last edited by Befuddled_Stoner; 12-20-11 at 08:43 AM. Reason: Facetious Quipping

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by Blue_State View Post
    Also, I heard a snippet from Pelozi about how keeping unemployment at 99 weeks or extending would actually create jobs. Did I mishear? How does that work?
    Unemployment payments are a very effective form of stimulus because the unemployed push close to 100% of what they receive back into the economy. That benefits the businesses community, and the better businesses do, the more inclined they are to hire.

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    Re: Boehner bows to Teaparty and reverses support for payroll tax cut deal.

    Quote Originally Posted by AdamT View Post
    Unemployment payments are a very effective form of stimulus because the unemployed push close to 100% of what they receive back into the economy. That benefits the businesses community, and the better businesses do, the more inclined they are to hire.
    Good thing those businesses have to pay extra taxes that keep that unemployement check flowing. They wouldn't want anyone to miss getting their share.

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