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December 21st, 2011
03:18 PM ET
Payroll Tax Cut Impasse
Speaker John Boehner and House GOP negotiators urged Democrats to restart talks on extending the payroll tax cut Wednesday. There's been little progress in resolving a partisan standoff that now threatens to erode the paychecks of 160 million Americans. The average paycheck will shrink $40 if Congress doesnt act, and right now, members of Congress are on their end-of-the-year holiday. Republican Congresswoman Nan Hayworth of New York talks to Brooke about why she's staying put in Washington to help fight for a solution.
I've been concerned over the last several weeks that ALL OF THE ANCHORS HAVE NOT BEEN MENTIONING ALL THREE COMPONENTS OF THE PROPOSED EXTENTED BILL e.g.
1. The increades taxes
2. End of the Unemployment Insurance
3. Coverage of Dr. fees for MediCare/ MediCaid
These – having been not emphasized – have really not been presented to your viewers. Snippets here and there. Rep. Hoyer (sp.) yesterday on the House floor; Dr. Gupta citine the U.I. but NOT THE MEDICAL IMPACT.... PLEASE HAVE THIS REPORTED. Am watching Lothean (sp.???) now but again nothing other than the taxes.
Speaker John Boehner has pulled a political boner that will be his downfall as House Speaker. I don't think the Tea Party is a true representative of the Republican Party and should form a third party of their own.
$40 might be someone's groceries, but it wouldn't pay for Hayworth's manicure so it doesn't count. With luck she will be replaced by someone whose knees don't jerk quite so forcefully as her imitation of Cantor would indicate.
The house says it is pet friendly? The house needs to confront the gorilla and elephant in the room called Social Security and Medicare. This payroll tax is not income tax cut but a decrease we pay into social security and medicare. So now we are underfunding a fund that is already underfunded.
I have a gut full of hearing "no smoke & mirrows" but thats a load of bull from the Speaker of the house. I hear a 2 month plan will save $$ but our 1 year plan will save $$$$$$. This is apples & oranges and it may sound good with big money but they should break their 1 year plan devided by 6 to see if its a good deal or no, this is smoke & mirrows no mater how you cut it. I am unemployed 1+ year now but cant get any work if the jobs are out of the country now and i am told to give companys more tax breaks, come on! Does the "NO TAX INCREASE PLEDGE" also mean middle income or no.
The elephant in the room that the CNN anchors fail to mention is that the tax cut extension for one year was tied to approving the XL pipeline project. Obama compromised by asking for a two month extension while the enviromental impact was re-examined.
If Republicans want to stop 'kicking the can down the road' they should stop tying earmarks to totally irrelevant legislation.
I am sick of hearing about the payroll tax cuts, when if they would have exteaded the Bush tax cut forever. Now this would have helped out more...
Why isn't anyone talking about this?
Michael
A two month payroll tax cut will be paid for by a $17. per month mortgage fee or $6,000 over 30 years. If they extend the tax cut to 1 year it will cost $102. per month for 30 years or $30,000. Great deal for the middle class who want to buy a home or refinance. Why is the media calling this a great deal. The $17. mo mortgage fee will also be used to give wealthy MD's a 30% raise which they really don't need. Obama and congress are simply buying votes with this latest payroll tax giveaway. People on fixed incomes or the unemployed get no tax cut because they don't pay payroll tax, but they may have to pay up to $102 per month if they refinance or buy a home next year. Why is obama at 49% ?
Re: Government Shutdown, why not call in the NYPD? Do they not have the world's greatest expertise in negotiating hostage-taking situations?
Happily the suspect is holed up in a well-known large country house the plans of which are available from the Irish Parliament. The house is already surrounded by armed police, so little or NO EXTRA COST will be involved in the stand-off and no traffic disruption at all.
I understand the ransom demand includes a large bag of money and Air Force 1 for getaway purposes. You mark my words, something much more modest can quickly be achieved, especially if communication with the outside world is kept TOTALLY CUT OFF.