WASHINGTON (AP) — Barely beating Santa’s sleigh, Congress delivered a last-minute holiday tax-cut extension to 160 million American wage-earners on Friday, just when it looked like they and millions of unemployed workers were going to be left with coal in their stockings.
WASHINGTON (AP) — House Republicans on Thursday caved to demands by President Barack Obama, congressional Democrats and fellow Republicans for a short-term renewal of payroll tax cuts for all workers. The breakthrough almost certainly spares workers an average $20 a week tax increase Jan. 1.
DES MOINES, Iowa (AP) — Mitt Romney refused to be pinned down Wednesday on how Congress should break an impasse that threatens to raise taxes for 160 million workers — the latest pressing policy debate the Republican presidential hopeful has sidestepped. Rival Newt Gingrich, in contrast, castigated Congress for “an absurd dereliction of duty.”
WASHINGTON (AP) — Careening toward a politically toxic tax hike, President Barack Obama implored House Speaker John Boehner on Wednesday to get behind a two-month stopgap until a longer deal could be struck early next year, calling it the only real way out of a mess that is threatening the paychecks of 160 million workers and isolating House Republicans.
WASHINGTON (AP) — Congress lurched toward Grinch-like gridlock on Tuesday as the Republican-controlled House rejected a two-month extension of Social Security tax cuts that President Barack Obama said was “the only viable way” to prevent a drop in take-home pay for 160 million workers on Jan. 1.
WASHINGTON (AP) — Top House Republicans rebelled Sunday against a bipartisan, Senate-approved bill extending payroll tax cuts and jobless benefits for two months.
WASHINGTON — Democrats backed away from their demand for higher taxes on millionaires as part of legislation to extend Social Security tax cuts for most Americans on Wednesday as Congress struggled to clear critical year-end bills without triggering a partial government shutdown.
WASHINGTON — House Speaker John Boehner predicted Monday that the House will approve legislation that renews a payroll tax cut and curtails extra benefits for the long-term unemployed.