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House Republican leaders, in a major policy shift, said Monday they would introduce a bill extending the payroll-tax break for the rest of the year without finding offsetting spending cuts.
We've heard reports that the cost of extending all of the provisions is about $160 billion, although we've seen no official scoring. That figure is in the right ballpark, based on CBO's scoring of the two-month extension passed last December.
"The U.S. Senate on Friday passed legislation extending a tax cut for 160 million workers and long-term jobless benefits through December, clearing the way for President Barack Obama to sign the measure into law. The Senate approval by a simple majority vote followed the House of Representatives' approval earlier on Friday. The legislation, which also extends current payment rates to doctors through the Medicare health care program for older Americans, will add $100 billion to the U.S. deficit and is aimed at further stimulating the economy."
A pathetci Government check that is no more than 1000 bucks for that pathetic 10 to 20 years of receiving benefits plus someone loses a job and gets sick they have easy access to those funds.
Originally posted by links234
reply to post by Vitchilo
The president's budget proposal calls for an increase in taxes for couples making over $250,000 or individuals making over $200,000. Everyone elses taxes will remain the same.