News

Jan 15, 2012 10:59 AM by Matt Stafford

Debate ramps up on payroll tax cut and unemployment benefits, again

WASHINGTON (AP) - How will the White House and Congress come up with the money to extend an average $20-a-week Social Security payroll tax cut without adding to the government's long-term debt.

Republicans are trying to cut federal employee benefits. President Barack Obama wants to hit airline passengers with higher fees and he's looking to eliminate Saturday mail delivery.

Democrats and Obama aren't insisting any more on taxing the wealthy to offset the impact of the payroll tax cut and of providing jobless benefits to millions of people out of work for more than six months.

Some $160 billion or so is needed to continue the tax cut and federal jobless benefits beyond Feb. 29, when they are set to expire.

»Comments

»Topics in this article

More News

Most Popular

Top Videos

1 2 3 4