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Right Turn
Posted at 11:02 AM ET, 12/22/2011

McConnell offers a way out of the payroll tax cut thicket

As I predicted, the perennial adult in Washington, Senate Minority Leader Mitch McConnell (R-Ky.), has stepped forward with a way out of the payroll tax box into which the House Republicans have climbed. He sent out this statement:

“The House and Senate have both passed bipartisan bills to require the President to quickly make a decision on whether to support thousands of U.S. manufacturing jobs through the Keystone XL pipeline, and to extend unemployment insurance, the temporary payroll tax cut and seniors’ access to medical care. There is no reason why Congress and the President cannot accomplish all of these things before the end of the year. House Republicans sensibly want greater certainty about the duration of these provisions, while Senate Democrats want more time to negotiate the terms. These goals are not mutually exclusive. We can and should do both. Working Americans have suffered enough from the President’s failed economic policies and shouldn’t face the uncertainty of a New Year’s Day tax hike. Leader Reid should appoint conferees on the long-term bill and the House should pass an extension that locks in the thousands of Keystone XL pipeline jobs, prevents any disruption in the payroll tax holiday or other expiring provisions, and allows Congress to work on a solution for the longer extensions.”

Well there you have it. Will the House Republicans gracefully grab on to the lifeline that has been tossed their way? Will the Democrats now play obstructionist? Stay tuned.

By  |  11:02 AM ET, 12/22/2011

Categories:  Budget, Taxes, Senate Republicans

 
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