House Republicans Continue to Battle Tax Cut Legislation
POSTED: Thursday, December 22, 2011 - 4:26pm
UPDATED: Tuesday, December 27, 2011 - 10:30am
WASHINGTON- President Obama was joined at the White House Thursday by frustrated American workers.
They were among the 2,000 an hour e-mailing and tweeting political leaders to get the payroll tax cut extended. The Senate has passed a two-month extension, but House Republicans aren't budging.
The latest Republican-on-Republican pressure is coming from Senate Minority Leader Mitch McConnell, who's urging the House to accept the Senate's two month extension. The House GOP still wants to negotiate a 12-month extension.
The President says he'll work on a full-year agreement after the House passes the two-month extension. If Speaker Boehner and his Republican colleagues don't extend the tax cut, a typical American family making $50,000 a year will lose about $40 per paycheck. An agreement has to be reached by January 1st or over $160-million workers will face an immediate tax increase.