KAKE - Money - Headlines

Payroll Tax Cut Talks Adrift On Capitol Hill

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Tuesday, February 7, 2012

Prospects for extending President Barack Obama's signature payroll tax cut, once considered a slam dunk on Capitol Hill, now seem far less certain as House-Senate talks have deadlocked over finding ways to pay for it.

In a contentious negotiating session Tuesday, Democrats came out
against House GOP proposals to pay for the 2 percentage point
payroll tax holiday by freezing federal workers' pay and requiring
more affluent seniors to pay more for Medicare premiums.

After four public sessions, the House-Senate talks have failed to yield a single significant breakthrough. Michigan Rep. Dave Camp, the top GOP negotiator, has turned the focus to finding ways to foot the bill for $150 billion to $160 billion cost of the payroll tax cut, renewed jobless benefits and other measures through year's end.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 138869114 - kake.com/a?a=138869114