The House and Senate finally approved to extend the payroll tax cut along with unemployment benefits for millions of Americans. At least for two more months.
"I am grateful that the voices of reason have prevailed and Speaker Boehner has agreed to pass the Senate’s bipartisan compromise", said Harry Reid (D-NV), Senate Majority Leader. "Year-long extensions of the payroll tax cut, unemployment insurance and Medicare payments for physicians has always been our goal, and Democrats will not rest until we have passed them."
Said President Obama, before leaving the White House to join his family in Hawaii for the Christmas holiday, "I said it was critical for Congress not to go home without preventing a tax increase on 160 million working Americans, and I'm pleased to say that they've got it done. So I want to thank all the members of Congress for ending the stalemate and making this happen."
The bill also instructs the President to announce his decision on the Keystone Pipeline within the next few months. The president delayed his decision on the pipeline until he could gather more information about the process before agreeing to begin the project.
"Because of this agreement, every working American will keep their tax cut, about $1,000 for a typical family. And that translates into an extra $40 or so in every paycheck. Vital unemployment insurance will continue for millions of Americans who are looking for work. And when Congress returns, I urge them to keep working, without drama, without delay, to reach an agreement that extends this tax cut as well as unemployment insurance through all of 2012."
"I am grateful that the voices of reason have prevailed and Speaker Boehner has agreed to pass the Senate’s bipartisan compromise", said Harry Reid (D-NV), Senate Majority Leader. "Year-long extensions of the payroll tax cut, unemployment insurance and Medicare payments for physicians has always been our goal, and Democrats will not rest until we have passed them."
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| The President, the House and the Senate. Two days before the Christmas holiday an agreement is made to extend tax cuts and unemployment benefits for Americans. |
The bill also instructs the President to announce his decision on the Keystone Pipeline within the next few months. The president delayed his decision on the pipeline until he could gather more information about the process before agreeing to begin the project.
"Because of this agreement, every working American will keep their tax cut, about $1,000 for a typical family. And that translates into an extra $40 or so in every paycheck. Vital unemployment insurance will continue for millions of Americans who are looking for work. And when Congress returns, I urge them to keep working, without drama, without delay, to reach an agreement that extends this tax cut as well as unemployment insurance through all of 2012."
OK that makes a lot of sense to me dude thanks for the share! Agreements
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