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December 21, 2011

House Republicans Reject Senate Tax Cut Deal 
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The latest spending showdown between President Obama and Congressional
Republicans continues after House Republicans rejected a bipartisan
Senate measure that would extend a payroll tax cut for two months,
benefiting 160 million American workers. Lawmakers have until the end of
the month to extend the tax break, after which payroll taxes will jump 2
percent, costing the average U.S. family $1,000 per year. On Tuesday,
President Obama criticized Republicans for opposing the Senate measure.

President Obama: "I saw today that one of the House Republicans referred
to what they are doing as quote, 'high stakes poker.' He's right about
the stakes, but this is not poker. This is not a game. This shouldn't be
politics as usual. Right now the recovery is fragile, but it is moving
in the right direction. Our failure to do this could have effects not
just on families but on the economy as a whole."



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