Cantor and Obama administration trade shots over payroll tax cut
It is a new topic, but for the most part the same old conflict. President Obama wants to boost taxes on the wealthy, Republicans in the House of Representatives are resisiting tax hikes of any kind. The topic this time around is the exstention of a cut to the payroll tax. It will sunset on December 31st unless the GOP and the White House can come up with a deal. Right now the two sides are very far apart.
Tuesday night. House Republicans passed a measure that would extend the payroll tax cut and extend unemployment benefits. But it also opens the door to the approval of the controversial Keystone XL project. President Barack Obama has already promised to veto the measure.
I spoke one on one with Ken Salazar, the U.S. Secretary of the Interior on this topic. His full interview can be found below. But first my story on the debate and Rep. Eric Cantor‘s role in the process from NBC12:
WASHINGTON, D.C. (WWBT)- Lawmakers on Capitol Hill are still sparring over how much they’ll take from your paycheck! Tuesday night, the House of Representatives passed a plan to extend a payroll tax cut.
But its passage is only symbolic as democrats have vowed to defeat the proposal in the Senate and President Barack Obama has threatened a veto.
It is a new battle, but the same old war. The president wants to hike taxes on the rich, republicans don’t like that idea.
Meanwhile, the amount of money in your paycheck hangs in the balance.
In a normal period of American governance, the sound of a bill passing would signal progress. But in 2011 it is anything but.
“Because you can’t be for the middle class, you can’t be for keeping taxes low and be against our middle class tax relief and jobs creation act,” Said Rep. Eric Cantor (R-Henrico), the House Majority Leader.
Read and see the full story on NBC12.com
My full interview with Secretary Salazar can be found below:
Extended clips from Rep. Eric Cantor can be seen here: