House GOP Wants Senate To Come Back and Discuss Payroll Tax Cut [VIDEO]
Republicans in the House are asking Senate Democrats to meet with them for a meeting to discuss the Payroll Tax Cut which hit a stasis after it failed to pass the GOP majority Congress.
The legislation hit a wall when the Senate passed a two month extension of a tax cut which would reduce up to forty dollars a week for workers and unemployment benefits for millions.
Though both Republicans and Democrats are in favor of the tax cuts continuing, House Republicans voted against the new bill because rather than seeing a meager two month extension they want a plan which paints a solution for the entire upcoming year. The bill failed in the House 229-193.
Shore Congressman Jon Runyan is one of the Republicans against the two month extension; while he wants to see American’s get the tax break he feels that the two month window is just a band aid.
“A two month extension doesn’t really do anything for anybody because we are going to have this same situation here in another two months if that were pass at this point “
The Senate has already adjourned for the year however Congress Republicans are asking them to agree to a meeting. So far there have been no agreements from the Senate to come back and discuss the vote. Runyan feels that though the House doesn’t agree with the Senate they want to have a conversation about it, but by adjourning for the year they left the Congress GOP members to deal with it by themselves.
“Now they’ve just kind of passed a bill and ran out of town and punted to you and said ‘you deal with it.’ That’s not how you get things done; it’s not how you do your job. “
Ultimately Runyan feels that the Senate needs to come back to work and try to resolve this issue with the Congress. “They adjourned for the year, they’re on vacation for the holidays and as we know the average person works until Christmas and then you take a day or two off and then you go right back to work. That’s what we’re trying to do is get this piece of legislation fixed for the long haul. “
The House has only eleven days to pass the bill or reach a compromise, or else once January 1st comes 160 million workers could see payroll tax increases.
After prior efforts to agree on a yearlong extension failed to reach a compromise, Senate Republicans and Democrats agreed on the two month renewal which would cover the bill’s estimated 35 billion dollar cost. The money would come from an increase in fees on mortgages backed by Fannie Mae and Freddie Mac, assuring deficits wouldn’t rise.
With the deadline looming and currently a standstill in both Houses, Runyan says something needs to happen sooner rather than later.
“It’s just frustrating that we agree on the premise of it but we don’t agree on how long we can extend these for.”