Quantcast elsemanario.net
Friday, October 31, 2014, videos Videos Photos Photos rss RSS
Home Advertise Contact Us Opinions Contests Subscription Weather Events Member of HDN Español
Recomended Links:    Advertise with Us  |  CAREER OPPORTUNITIES NOW  |  Consumer Tips  |    
City
Education
Economics
Immigration
Chispa
National News
International News
Health
Travel
From the Editor
Publisher's Note
Whitehouse Updates
Sports
Local News
Cover Story
Environment
State
Username:
Password.
Forgot your password?
Register
Classifieds
More
 
Font Size Menos Texto
Posted on 12-20-2011
Rate this article
Bookmark and Share
REMARKS BY THE PRESIDENT ON THE PAYROLL TAX CUT

THE PRESIDENT

THE PRESIDENT: Hello, everybody. Sorry to interrupt.

MR. CARNEY: All yours, sir.

THE PRESIDENT: Thank you. Good afternoon, everybody. It is no secret that there hasn’t been an abundance of partisanship in Washington this year. And that’s why what happened on Saturday was such a big deal.

Nearly the entire Senate -- including almost all of the Republicans -- voted to prevent 160 million working Americans from receiving a tax increase on January 1st. Nearly the entire Senate voted to make sure that nearly 2.5 million Americans who are out there looking for a job don’t lose their unemployment insurance in the first two months of next year. And just about everybody -- Democrats and Republicans -- committed to making sure that early next year we find a way to extend the payroll tax cut and unemployment insurance through the end of 2012.

But now, even though Republicans and Democrats in the Senate were willing to compromise for the good of the country, a faction of Republicans in the House are refusing to even vote on the Senate bill -- a bill that cuts taxes for 160 million Americans. And because of their refusal to cooperate, all those Americans could face a tax hike in just 11 days, and millions of Americans who are out there looking for work could find their unemployment insurance expired.

Now, let’s be clear: Right now, the bipartisan compromise that was reached on Saturday is the only viable way to prevent a tax hike on January 1st. It’s the only one. All of the leaders in Congress -- Democrats and Republicans -- say they are committed to making sure we extend the payroll tax cut and unemployment insurance for the entire year. And by the way, this is something I called for months ago.

The issue is, is that the Republican and Democratic leaders of the Senate worked on a one-year deal, made good progress, but determined that they needed more time to reach an agreement. And that’s why they passed an insurance policy -- to make sure that taxes don’t go up on January 1st.

In fact, the House Republicans say they don’t dispute the need for a payroll tax cut. What they’re really ...
1 | 2 | 3 | Next ->

  
 
Your Opinion
Top Stories
Álvarez believed that words have power
camara Every year on October 2 thousands of Mexican students pour into the streets of México City, marching from Tlatelolco (the Plaza of Three Cultures) through the historic city center downtown, to the main plaza, the Zócalo. They're remembering the hundreds of students who were gunned down by their ...
México City march demands justice for students
camara “Take this.” Doña María passes the color photo of one her four missing sons to a young woman standing beside her and takes a life-size silhouette of a missing student into her hands. “They are all our sons,” she explains. As do so many mothers and fathers throughout México, she knows the pain ...
Aspects of climate change are unquestionable
camara Out of the thousands of signs carried by the 400,000 participants in the People´s Climate March in New York City recently, there were two that really stayed with me. One read: “Mother Earth is not a merchandise,” and the other: “End environmental racism!” Both define well the Latino community’s ...
Clarifying visions of the American dream
camara In a recent interview, noted author and essayist Richard Rodríguez shared his views on the American dream with Sandy Close, Executive Director, New America Media. He says we are now living two American Dreams: the one "transformative," gaudy even, the other "diminished" and "less ambitious." ...
"Our Community Our Partners"
   PDF Version
 
Channels
City
Education
Economics
Immigration
Chispa
National News
International News
Health
Travel
From the Editor
Publisher's Note
Whitehouse Updates
Sports
Local News
Cover Story
Environment
State

Advertise
HDN Internet
This Publication - Internet
This Publication - Print Version

Contact Us
HDN
El Semanario
Staff

Opinions
Columnists
Editorials
Reader's Letters
e-mail the Editor

Subscription

Weather

Events

Member of HDN

Español

About Us

Subscription

Contact Us

News Archive

Copyright

Copyright 2014, El Semanario. This site is powered by Hispanic Digital Network(TM)
  Logo