Boehner Leads Charge to Pass Payroll Tax Cut Extension

Friday, 09 Dec 2011 03:20 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Speaker John Boehner is doing his best to gain an extension of the payroll tax cut before year-end, Politico reports. He has to offer a plan that will be accepted both by conservatives in the House Republican caucus and Democrats in the Senate.

Helping Boehner’s cause is that Senate Democrats are considering dropping the idea of a millionaires tax, which is anathema to Republicans, and replacing it with a series of cost-cutting offsets that Republicans would support, knowledgeable sources tell Politico.

As for Boehner, he added some carrots to attract the GOP rank and file to a continuation of the tax cut. That includes restarting the Keystone XL oil pipeline, slashing jobless benefits by 50 percent, easing environmental rules, taking money away from the 2010 healthcare law, and curbing Medicare benefits for the wealthy.

But the strategy carries risk. Senate Democrats and President Barack Obama will undoubtedly reject the bill. Then Boehner will have to negotiate a compromise with Democrats and hope that he can get Republicans in the House on board. Boehner’s marketing theme to Republicans will likely be that any tax cut is a political victory and that the GOP will be forcing concessions from the president.

But it’s not a sure thing that Democrats will make all the concessions Boehner hopes for, and in that case, he’ll have a tough time selling the plan to House Republicans.



© 2014 Newsmax. 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
You May Also Like

McDonnell Denies Special Aid to Company for CEO's Gifts

Wednesday, 20 Aug 2014 22:31 PM

Former Virginia governor Governor Robert McDonnell told jurors he didn't provide special treatment to a company whose ch . . .

Drunk Teacher Wins Unemployment Benefits; Keeps License

Wednesday, 20 Aug 2014 23:10 PM

If Dennis Pagel had taken a box of school supplies while working as a teacher at Dallas-Center Grimes Middle School west . . .

Ferguson Counter-Protester Whisked to Safety

Wednesday, 20 Aug 2014 22:15 PM

A woman counter-protesting in favor of police officer Darren Wilson had to be whisked to safety Wednesday night after sh . . .

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