Tags: Congress | battles | budget | debt | taxes

Heated Congressional Battles to Get Hotter in Dec.

Wednesday, 23 Nov 2011 02:45 PM

By Newsmax Wires

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
If you thought the war between the parties couldn’t get any worse, wait until you see what December has in store. Democrats and Republicans will be clashing over a government funding bill because the current law expires Dec. 16 and a number of different tax provisions, Politico reports.

Without a funding bill, the government will have to shut down. All bets are off as to how Congress will deal with that one. More than 60 tax-related provisions are set to end after Dec. 31, including the payroll tax cut and extension of unemployment compensation.

Democrats are very eager to extend both of those items. Republicans are open to the extensions but want offsetting spending cuts in return.

“Every action will have a reaction,” Rep. Peter Welch, D-Vt., a leading vote counter for his party, told Politico. “There will be bitter fighting.”

The failure of the supercommittee on budget deficit reduction is responsible for much of the turmoil, as legislators expected the tax-related issues to be included in the panel’s recommendation that was supposed to be made Wednesday.

But now Congress must deal with those issues individually over the next month.

“Everything is going to be super contentious,” Welch said. “The failure [of the supercommittee] to put this in a comprehensive package means that all the ideological divisions about taxing and spending will be fought out on a provision-by-provision basis.”

House Speaker John Boehner says he told President Barack Obama that Republicans are “ready to have an honest and fruitful discussion with him regarding the payroll tax extension, and that invitation stands.”

Congressional leaders have several alternatives for how to deal with the tax provisions. They could be lumped together as part of a continuing resolution to keep the government open. But Republican insiders tell Politico it’s more likely that tax extensions will be combined with spending cuts of an equal amount.

Another possibility is a year-end spending package that would include some of the tax-related provision.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  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:
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

Breitbart: Govt Report Says Congress Can 'Defund' Amnesty

Thursday, 27 Nov 2014 12:05 PM

Breitbart News reports that the Congressional Research Service , a nonpartisan branch of the Library of Congress , concl . . .

Early Casualty of Obama Amnesty: Tax Breaks for Working Americans

Thursday, 27 Nov 2014 08:54 AM

Behind-the-scenes bargaining between Senate Majority Leader Harry Reid and GOP Rep. Dave Camp on a bundle of about-to-ex . . .

Senate Dems Ever More at Odds With Obama, WH Policies

Thursday, 27 Nov 2014 07:47 AM

Criticism of President Obama's signature healthcare law by a top Senate Democrat this week laid bare post-election tensi . . .

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