Related Content: payroll tax cut

Congress hammers out deal to extend payroll tax cut

On The Radar

Congress reached an agreement late Wednesday to extend the temporary payroll tax cut and long-term unemployment benefits for an additional 10 months as part of a $150 billion legislative compromise. Lawmakers are likely to pass the bill and send it to President Obama by the end of the week.
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Why Tea Party Freshmen Caved on Payroll Tax Deal

On The Radar

Conservative Tea Party-affiliated lawmakers spent weeks vowing to oppose the short-term compromise bill extending payroll tax cuts and unemployment insurance. But in the end, the bill glided through the House, just before Christmas. The final moments of this latest congressional showdown were fascinating not because of what happened but because of what didn't happen.
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Lawmakers Reach Deal on Payroll Tax

On The Radar

The ice cracked under House Speaker John Boehner on Thursday. A deal to quiet a bruising political eruption over the payroll tax finally took shape -- after relentless criticism from within GOP ranks that House Republicans had dug themselves knee-deep in quicksand. After days of thrashing and teeth-gnashing, Republican Senate Minority Leader Mitch McConnell offered a way out of the mess with a statement underscoring similarities between the measures in the two chambers, rather than differences.

In Case You Were Wondering: We Have Been Here Before

Gwen's Take

“Politics is politics” House Speaker John Boehner opined Thursday, as he stepped before the cameras to explain why he would not back down in the payroll tax fight House Republicans have been waging with the Senate.

Seldom have truer words been spoken. And it was politics at work when -- even as Boehner was speaking -- his counterpart on the other side of the Capitol, Senate Minority Leader Mitch McConnell, was busy bailing water out of the boat.

Obama Gets a Lift From Tax Battle With Republicans

On The Radar

After a long stretch of high unemployment, legislative turmoil and, in turn, slipping public approval, President Obama seemed to regain his political footing this week with the help of House Republicans, whose handling of a standoff over payroll taxes had even leading conservatives accusing them of bungling the politically charged issue.
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Gingrich Condemns Senate on Payroll Tax Vote

On The Radar

Newt Gingrich put a pox on all parties in Washington on Wednesday for failing to pass a payroll tax extension, but he especially condemned the Senate, where Republicans joined Democrats to vote for a two-month extension of the tax break, which affects 160 million Americans. House Republicans under Speaker John A. Boehner rejected that plan.
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Obama, Senate Democrats Rally for Benefits Extension

On The Radar

President Obama and Senate Democrats appealed to House Republicans on Wednesday to return to Washington and approve a two-month extension of benefits for American workers before they expire Dec. 31. The House GOP remains opposed to a short-term patch despite mounting opposition to the strategy, even from within the party.
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Congress's Payroll Standoff - Who Blinks First?

On The Radar

Less than two weeks remain – with a holiday in between – for Congress to keep alive a payroll-tax cut, unemployment insurance, and a “doc fix” patch. Here is how it could play out.
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Payroll Tax Fight Heats Up

On The Radar

Neither side in the payroll tax fight is showing signs of backing down, reports CNBC's Eamon Javers.

Obama Blasts House GOP for Blocking Payroll Tax Cut Extension

On The Radar

While members of Congress point fingers at each other for gumming up the payroll tax cut, President Obama is watching the bickering from the White House--where he is apparently happy to spend the holiday season until a deal gets done. The rest of the Obama family has gone ahead to Hawaii for their pre-planned holiday trip. But aides say the president will continue to delay his vacation in hopes of inspiring House Republicans to take up a Senate-approved measure extending the tax cut beyond midnight New Year’s Eve.