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Thread: Boehner: House Will Approve Payroll Taxcut Bill.....

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    Boehner: House Will Approve Payroll Taxcut Bill.....

    http://news.yahoo.com/boehner-house-...223755555.html
    AP – 1 hr 51 mins ago.....

    WASHINGTON (AP) — House Speaker John Boehner predicted Monday that the House will approve legislation that renews a payroll tax cut and curtails extra benefits for the long-term unemployed.
    The House is expected to approve the roughly $180 billion measure on Tuesday. Senate Majority Leader Harry Reid, D-Nev., has said the bill will go nowhere in the Senate, citing a provision all but forcing President Barack Obama to move ahead quickly with a controversial oil pipeline that would run from Canada to Texas.

    Senate Democrats' version of the bill pays its costs largely by boosting taxes on the wealthy. Republicans prefer freezing federal workers pay and other spending cuts.
    The House legislation would continue the Social Security payroll tax that workers pay at 4.2 percent in 2012, the same as this year. That tax is normally 6.2 percent, but was temporarily cut in a bid to spur the economy. The reduction means an extra $1,000 in the wallets of families earning $50,000 annually.

    The Democrats' Senate bill, which that chamber has already rejected, would drop the payroll tax to 3.1 percent next year and provide employers with similar reductions, as Obama has proposed.
    If Congress takes no action by Jan. 1, the payroll tax will return to 6.2 percent. Congress is hoping to adjourn for the year before Christmas.....snip~


    It also cuts employment benefits down to 59 weeks from 99. Plus it would cut medicare reinbursements to docotors. Yet no sooner as Beohner came out with this announcment Reid chimed in saying it was going nowheres. Once again seems the Pols are looking to go home for Christmas. U-know take another holiday with all the othrs they took.

    These guys have no plans on working together. They would rather strip us of our rights as long as they still get to play aristocrat. Time for the people to start getting off into these pols faces. When all other recourses are done. There will only be one alternative left to use upon them all. Unfortunately.....it will mean violence.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    waltky (10-28-2012)

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    Quote Originally Posted by MMC View Post
    http://news.yahoo.com/boehner-house-...223755555.html
    AP – 1 hr 51 mins ago.....

    WASHINGTON (AP) — House Speaker John Boehner predicted Monday that the House will approve legislation that renews a payroll tax cut and curtails extra benefits for the long-term unemployed.
    The House is expected to approve the roughly $180 billion measure on Tuesday. Senate Majority Leader Harry Reid, D-Nev., has said the bill will go nowhere in the Senate, citing a provision all but forcing President Barack Obama to move ahead quickly with a controversial oil pipeline that would run from Canada to Texas.

    Senate Democrats' version of the bill pays its costs largely by boosting taxes on the wealthy. Republicans prefer freezing federal workers pay and other spending cuts.
    The House legislation would continue the Social Security payroll tax that workers pay at 4.2 percent in 2012, the same as this year. That tax is normally 6.2 percent, but was temporarily cut in a bid to spur the economy. The reduction means an extra $1,000 in the wallets of families earning $50,000 annually.

    The Democrats' Senate bill, which that chamber has already rejected, would drop the payroll tax to 3.1 percent next year and provide employers with similar reductions, as Obama has proposed.
    If Congress takes no action by Jan. 1, the payroll tax will return to 6.2 percent. Congress is hoping to adjourn for the year before Christmas.....snip~


    It also cuts employment benefits down to 59 weeks from 99. Plus it would cut medicare reinbursements to docotors. Yet no sooner as Beohner came out with this announcment Reid chimed in saying it was going nowheres. Once again seems the Pols are looking to go home for Christmas. U-know take another holiday with all the othrs they took.

    These guys have no plans on working together. They would rather strip us of our rights as long as they still get to play aristocrat. Time for the people to start getting off into these pols faces. When all other recourses are done. There will only be one alternative left to use upon them all. Unfortunately.....it will mean violence.
    lets see if I got this right,, Boehner proposes a bill that will help out the working stiff by puting a few more dollars in their pockets each week, will freeze payroll for the government worker, and extends the SS cut for another year and Reid says No!!!! can anyone lay thier hands on a bunker buster,, ??
    The eastern world, it is exploding, violence flaring bullets loading. you are old enough to kill , but not for voting, this whole crazy world is just to frustrating, and you tell me over and over and over again my friend, you don't believe we are on the EVE of DESTRUCTION.


    Never approach a bull from the front, A horse from behind, or a fool from any direction.

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    And it would prevent a 27 percent cut in Medicare reimbursements to doctors next year, a reduction that could prompt some physicians to stop serving Medicare patients. It would instead increase their Medicare payments by 1 percent each of the next two years.....

    According to Reid thats not enough. I figure its because they can't stick their hands into that cookie jar. All talk about Romney being a Mormon and whatnot. But no one says anything about this.....:douchebag:
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Angry

    Payroll tax cut is a shell game because it ends up cutting tax refund at end of year, ya still owe the same tax but less withholding tax has been withheld...

    White House seeking a replacement for payroll tax cut that ends in January
    WASHINGTON, Oct. 27,`12 (UPI) -- The White House Saturday denied a report it is looking for an alternative tax break to stimulate the U.S. economy after payroll tax cuts expire in December.
    The Washington Post reported the tax break would be designed to provide about the same amount of relief -- $400 for individuals per year and $800 for married couples -- that was provided by the policy that lowered the payroll tax from 6.2 percent to 4.2 percent. "The report is not correct," White House spokesman Josh Earnest told reporters traveling on Air Force One Saturday. "The administration is not contemplating at this time a tax cut as the way that it's described in the Post." Earnest said President Barack Obama is committed to middle class tax cuts but he declined to discuss negotiations or whether something other than what the Post described is in the works.

    Economists say payroll tax breaks have immediate effects on the economy, giving increased consumer spending power to those who earn relatively lower wages. In addition the increased take-home pay is ongoing, which prolongs the stimulative effect. Rep. Chris Van Hollen, D-Md., has pushed for an extension of the payroll tax break. "If we're going to look at anything, we should look at a payroll tax cut or other measures that have a similar effect," Van Hollen said. A White House official said Friday there was "no specific new proposal such as this one at this time."

    For the long term, President Barack Obama has proposed extending the Bush era tax cuts for households making under $250,000 per year. Without passage of that proposal, the U.S. budget would go over the so-called fiscal cliff, which has become the popular name for a series of tax hikes and spending cuts that would automatically go into effect Jan. 1 if Congress does not intervene. Republican presidential nominee Mitt Romney has said he would drop income tax by 20 percent across the board and make up the lost revenue by closing loopholes, but he has not identified which deductions he would eliminate.

    Read more: http://www.upi.com/Business_News/201...#ixzz2AZpqqOid

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    Reid and the democrats in the Senate are the obstructionist party

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    There is only one answer to our tax problems...one...National Sales Tax. That way everyone pays...crooks, illegals, wealthy, poor, everyone including foreign tourists. No deductions, no Loop-Holes, just an over-the-counter tax.



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    Quote Originally Posted by coolwalker View Post
    There is only one answer to our tax problems...one...National Sales Tax. That way everyone pays...crooks, illegals, wealthy, poor, everyone including foreign tourists. No deductions, no Loop-Holes, just an over-the-counter tax.
    So the wealthy who spend a much smaller portion of their overall earnings on stuff pay a lower percentage of tax.

    No thanks, but I'm sure wealthy ass-kissing RWNJ's everywhere would love a plan that causes them to pay a greater portion of the tax burden than wealthy people, which is pretty much what we have now anyway.
    my junk is ugly

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    Quote Originally Posted by Captain Obvious View Post
    So the wealthy who spend a much smaller portion of their overall earnings on stuff pay a lower percentage of tax.

    No thanks, but I'm sure wealthy ass-kissing RWNJ's everywhere would love a plan that causes them to pay a greater portion of the tax burden than wealthy people, which is pretty much what we have now anyway.
    I buy a 30K car...the wealthy buy a 200K car. I buy a 100 dollar coat, they buy a 5,000 dollar coat...my shoes cost 125 theirs cost 1000 dollars...and on and on. I go camping on vacation, they buy a yacht. It would equal out.



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    Quote Originally Posted by coolwalker View Post
    I buy a 30K car...the wealthy buy a 200K car. I buy a 100 dollar coat, they buy a 5,000 dollar coat...my shoes cost 125 theirs cost 1000 dollars...and on and on. I go camping on vacation, they buy a yacht. It would equal out.

    It doesn't work like that. At all.


    Forget about that idea.

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    Quote Originally Posted by Morningstar View Post

    It doesn't work like that. At all.


    Forget about that idea.
    Really? What product or service would be exempt from taxes? Our nation takes in trillions each year...a 6-10% flat sales tax with no taxes being taken out of your pay check would make every swingin' dick pay taxes. No one would be exempt. The wealthy throw lavish parties that cost many times hundreds of thousands of dollars...I have a backyard bar-b-que for my friends and spend a hundred bucks. The coke dealer would spend his ill-gotten gains and guess what...pay taxes that he doesn't currently.



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