Tags: Fed Average Household Lost 21K in 3rd Quarter

White House Rejects Republican Payroll Tax Proposal

Friday, 09 Dec 2011 06:30 PM

 

WASHINGTON - The White House rejected Friday the latest proposal from Republicans in Congress on a payroll tax cut, saying its costs needed to be offset in a balanced away and not with budget cuts exempting the rich.

"We are open to looking at other ways to pay for this, but they have to be economically responsible and fair," White House spokesman Jay Carney said. "It is important that the overall package meet the standards the president has set."

Republicans have proposed that the payroll tax cut be paid for with an extension of a pay freeze for federal workers, changes to civilian federal retiree benefits and other reforms, including gradual increases in Medicare health premiums for the elderly and a clampdown on assistance to illegal immigrants.

They have also sought to tie the payroll tax extension - a key component of President Barack Obama's $447 billion set of proposals to boost hiring - to the approval of TransCanada's Keystone XL pipeline, which would transport Canadian oil to Texas.

The State Department has delayed a decision on that project until 2013 to give more time to address environmental concerns and to study an alternate route for the pipeline. Republicans have accused Obama of pushing for that delay for political reasons to avoid upsetting his Democratic base ahead of the November 2012 presidential vote.

Carney stressed it was important to separate the Keystone issue from the payroll tax question and said lawmakers in Congress ought to make it a priority to avoid having taxes go up on the middle class at the end of the year.

He also said Obama was willing to stay in Washington through Christmas, instead of going to Hawaii as planned, in order to get the tax cut extended.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Experts: Iran Now a Nuclear-Ready State, Missiles Capable Hitting US

Sunday, 01 Feb 2015 18:30 PM

Regardless of intelligence uncertainties and unknowns about Iran's nuclear weapons and missile programs, we know enough  . . .

Ben Carson: Obama Letting Islamics 'Destroy Us'

Sunday, 01 Feb 2015 16:26 PM

Dr. Ben Carson, an expected GOP presidential contender, said he wants to see the size of government reduced if he one da . . .

Justice Department Probes Moody's for Mortgage Deal Grades: WSJ

Sunday, 01 Feb 2015 17:32 PM

The U.S. Department of Justice is investigating Moody's Investors Services for issuing favorable grades on mortgage deal . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved