Where Are We With the Payroll Tax Cut?
Here it is, January 15 and we’re about a quarter way through the two month payroll tax cut extension with no word as to whether it’s going to be extended or not. We have a lot of news on the Republican nominee for president and if you head over to C-Span, I’m not seeing much on the schedule other then….primary stuff. President Obama is talking about combining agencies in his latest move but I can’t find anything about extending the payroll tax through the end of the year.
When I searched for “payroll tax cut” on Google News, you can see what I get. There’s a story from Friday where John Boehner talked about circumventing the Tea Party contingent of his party to get the tax cut pushed through and it talks about a new round of talks “in the coming days.” Not sure what that means. There are also a few stories about that make it sound like we should be surprised the mortgage fees went up to pay for two month tax cut (this was part of the deal). Finally, this Washington Times piece talks about how most Congressman won’t even be back from their recess until later in the month and one of the quotes talk about the talks going down to the wire. The House starts back up with the Thursday and the Senate doesn’t return until January 23.