Tags: obama | boehner | payroll | tax

Obama: No Payroll Tax Cut Will Hurt Recovery

Thursday, 22 Dec 2011 02:05 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON - President Barack Obama said on Thursday that a U.S. economic recovery could be harmed if Congress fails to extend a payroll tax cut that otherwise expires at the end of the month.

"We've seen the economy do better over the last couple of months, but there's still a lot of sources of uncertainty out there - what's going on in Europe, what's going on around the world," Obama said. "So this is insurance to make sure that our recovery continues."

Reading from some of the 30,000 messages he said the White House has received from Americans in support of extending the tax cut to illustrate what some people would have to give up if they lost the $40 a month from the extension, Obama demanded action.

"Enough is enough. The people standing with me today cannot afford any more games," Obama said, gesturing to some of the authors of the messages who joined the president for his statement in a building adjacent to the White House.

"The House (of Representatives) needs to pass a short-term version of this compromise and then we should negotiate an agreement as quickly as possible to extend the payroll tax cut and unemployment insurance for the rest of 2012," he said.

A spokesman for Republican House Speaker John Boehner said that Obama's remarks ignored Republicans' offer to thrash out a deal now for a full-year tax cut extension.

"It's disappointing the president says he agrees with the House's desire for a full-year extension, but has still declined to negotiate with Republicans to make it a reality," said Boehner spokesman Brendan Buck.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype 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

Maddow Calls Out 'Democratic Wuss-itude' on ISIS airstrikes

Wednesday, 27 Aug 2014 21:30 PM

MSNBC host Rachel Maddow called out Democrats in Congress who are unhappy with their colleague Sen. Tim Kaine for urging . . .

Lindsey Graham: Stop ISIS or Watch More Americans Join Group

Wednesday, 27 Aug 2014 20:16 PM

Reports that 140 Americans are currently fighting for ISIS in Syria and Iraq are nothing compared to the number that wil . . .

Lawrence Kudlow: Burger King Move Puts Obama in a Fix

Wednesday, 27 Aug 2014 18:36 PM

Burger King's flight to Canada to beat huge U.S. corporate taxes raises a thorny predicament fort President Barack Obama . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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