President Obama vows to veto the House Republicans’ payroll tax extension bill because it includes spending cuts instead of tax increases on the wealthy

by Colonel on December 14, 2011


“The White House said Tuesday it will veto a payroll tax cut extension being prepared by House Republicans, with President Obama insisting the bill also must raise taxes on the wealthy rather than cut government spending.

In a statement of policy, the White House said the bill, which the House will vote on later Tuesday, is a Republican effort at politics rather than a compromise deal.

“This debate should not be about scoring political points. This debate should be about cutting taxes for the middle class,” the statement said.

Republicans say they have given Mr. Obama everything he wants in the bill, including an extension of this year’s payroll tax cut, additional limited unemployment benefits and a continuation of full payments to doctors who treat Medicare patients.” — Stephen Dinan, Copyright 2011 The Washington Times LLC

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