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Tags: Congress Rdp

Payroll Tax Compromise Set for Senate Vote

Saturday, 17 December 2011 07:30 AM EST

WASHINGTON — The Senate is voting on compromise legislation to extend Social Security payroll tax cuts and jobless benefits for two months — not the full year demanded by President Barack Obama.

Battling Democratic and GOP leaders failed to agree on spending cuts large enough to cover a full year renewal of the 2 percentage point Social Security tax cut for 160,000 workers, as well as weekly jobless payments averaging about $300 for millions of people who have been out of work for more than six months.

The legislation is a partial victory at best for President Barack Obama, who's being forced to give in to Republican demands for a swift decision on the fate of an oil pipeline that promises thousands of jobs.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


US
WASHINGTON The Senate is voting on compromise legislation to extend Social Security payroll tax cuts and jobless benefits for two months not the full year demanded by President Barack Obama.Battling Democratic and GOP leaders failed to agree on spending cuts large...
Congress Rdp
122
2011-30-17
Saturday, 17 December 2011 07:30 AM
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