A Closer Look at the GOP's Payroll Tax Cut Deal

Wednesday, February 15, 2012

Sen. Jack Reed (D-RI) speaks during a meeting of the House-Senate Conference Committee on how to extend the payroll tax cut February 7, 2012 on Capitol Hill in Washington, DC. (Alex Wong/Getty Images/Getty)

After months of squabbling, congress has reached a tentative deal on an extension of the payroll tax cut and jobless benefits that would last until the end of the year. Initially the GOP said they would not approve an extension unless it was financed by other spending cuts, but have since rescinded that position. So what's changed?

Republican leaders now say they support an extension of those payroll tax cuts for working Americans about $ 1,000 a year for people getting a regular paycheck. But can they make that stick among conservative members who have insisted that any tax cut extension be paid for with offsetting spending cuts?

Todd Zwillich is Takeaway Washington correspondent.


Todd Zwillich

Comments [1]


Has this program marked the over 1000 days since the Democrat controlled US Senate passed a budget worth trillions while we wade into the minutia of $1000 in pay roll taxes?

The media is diligently investigating the number and amount of free drink comps handed out to the passengers on the deck of the Titanic as the ship starts to go under.

Feb. 15 2012 09:31 AM

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