Republicans fold on payroll tax cut extension | Arkansas Blog

Monday, February 13, 2012

Republicans fold on payroll tax cut extension

Posted By on Mon, Feb 13, 2012 at 2:12 PM

Faced with going into November elections as advocates for a tax increase on the working class, House Republicans have folded and apparently will allow the payroll tax cut to continue through the end of the year. That will have direct stimulative effect. They won't insist on spending offsets to deliver it. They, of course, won't raise taxes on the rich to pay for it either. Still ....

And there are other battles to come — unemployment benefits, Medicare doctor reimbursements.

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