Long-term Payroll Tax Cut Decisions Postponed

The Senate approved a mere two-month extension of the payroll tax cut today, which still has to get through the House.

Senate approved a $33 billion package to extend unemployment benefits, extend a payroll tax holiday for millions of American workers and avoid cuts in payments to doctors who accept Medicare.  The measure is effective through February, when Congress will once again be locked in battle over whether and how to further extend those provisions.

~ Jennifer Steinhauer, New York Times

The agreement includes the Keystone XL legislation that Obama previously said he would veto. Today’s news is infuriating for many because it seems like despite all the battling and negotiating in Congress, nothing meaningful was accomplished.


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