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 ...
‘I was not the first, I won’t be the last’
From the moment I woke up, I realized there was something unusual about the morning. The sun wasn’t out, the birds weren’t singing, and instead of the school bus my dad would be taking me to school.
I soon realized why that bus hadn’t come: walking to school my dad and I passed two white ...
Shift to high-tech jobs leaves Latinos behind
Job numbers are bouncing back to 2008 levels, but the recovery isn’t being felt evenly by everyone. While new jobs are being added to the rolls, many occupations remain in decline, leaving those with a high school degree or less struggling in the job market.
According to Erin Currier, director ...
Calling for an end of parental deportations
Faith leaders, community members, and immigrant allies from Colorado held a press conference this week to announce the official kick-off of the "Keep Families Together: A People's Resolution" campaign. The campaign calls upon President Obama and Congress to immediately cease all deportations of ...
Common Core: Latino students outperform
In the last school day before Mother’s Day, 8-year-old Frankie Munthe was eager to share his interpretation of “Mother to Son,” with his classmates. He explained that it’s about “roadblocks,” referring to the poem’s first line: “Well, son, I’ll tell you. Life for me ain’t been no crystal stair. ...