Tonight 6:30PM, congress to vote on payroll tax extension

Let's see if congress backstabs America yet again or not.

Will Congress Kill The Payroll Tax Extension - Advance Look At Today's 6:30PM Vote

Tonight at 6:30 pm the House is set to vote on the Senate’s payroll tax cut/unemployment insurance bill. As it stands right now, it appears likely that the vote will fail due to lack of support by Boehner and other house leaders. Furthermore, Senate has said it will not present an alternative bill (as of yet). Which means that with a major portion of Q1 GDP at stake (non-renewal of payroll cuts means up to 1% of GDP being cut in Q1 2012),

So what will it be... extend payroll tax cut for the middle-class or not?

HOUSE SPEAKER BOEHNER EXPECTS HOUSE TO DISAGREE WITH SENATE
BOEHNER: 'IT'S TIME TO STOP THE NONSENSE' ON SHORT EXTENSION
BOEHNER: HOUSE PASSED A 'REASONABLE BILL' ON TAX-CUT EXTENSION
BOEHNER SAYS HOUSE WILL VOTE ON SENATE PAYROLL TAX BILL TONIGHT
BOEHNER SAYS HE EXPECTS HOUSE-SENATE CONFERENCE ON TAX CUT

So it will fail...

Vote no then hit the door for the holidays.

STALEMATE : House Republicans Reject Senate Payroll Tax Cut Deal, Will Go On Holiday Recess

The House of Representatives voted 229-193 Tuesday afternoon to reject the Senate payroll tax cut agreement.

Failure to reach an agreement by the new year will result in higher payroll taxes for all Americans. The stalled measure also extends unemployment benefits, and includes the AMT "patch" and the Medicare "doc fix" — all deemed vital to the economy.

Yeah, more taxes. What a nice christmas present.

I think this Payroll Tax Cut issue is not over yet, in fact, it has been all over the net lately and getting a lot of headline room since lawmakers decision to extend the cuts for another year! mm, how do the payroll tax cut affects the consumer ? Well, workers can be ready to continue to bring home just a little more each paycheck through 2012. But some critics and experts see the tax cut as cheating the future of retirement benefits and does more damage than good.