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Update: Payroll Tax Extension Vote Fails; Motion Moves To Conference
Update: Payroll tax extension vote fails, as expected:
HOUSE HAS VOTES TO REJECT SENATE TAX PLAN; VOTE CONTINUING
Watch as the house votes on the Senate proposed two-month payroll tax extension, coupled with a motion to go to conference.
From C-Span:
The U.S. House today will consider and vote on four separate items related to the payroll tax holiday that has dominated debate on Capitol Hill for the better part of the month. The bill Senators passed over the weekend, which would have extended the payroll tax cut for two months, was rejected by House Republicans during a long party meeting on Monday.
Members won't event vote on the Senate bill by itself. Their four votes are: to disagree with Senate's language; a motion to go to conference with the Senate over that disagreement; a reaffirmation of support for the original House payroll tax bill, and a motion to instruct conferees offered by the Democrats.
House GOP leaders said most of their members would insist on the one-year payroll tax cut extension passed by the House. Senate Majority Leader Harry Reid (D-NV) said publicly that he would not bring the Senate back to negotiate again over the bill.
Reid said in a statement, “My House colleagues should be clear on what their vote means today. If Republicans vote down the bipartisan compromise negotiated by Republican and Democratic leaders, and passed by 89 senators including 39 Republicans, their intransigence will mean that in ten days, 160 million middle class Americans will see a tax increase, over two million Americans will begin losing their unemployment benefits, and millions of senior citizens on Medicare could find it harder to receive treatment from physicians."
The Speaker said that the Senate bill "kicks the can down the road and creates uncertainty for small businesses and the economy."
After passing the compromise bill by a vote of 89-10, the Senate went into recess, with a series of pro forma sessions scheduled until the full Senate reconvenes on Monday, Jan. 23.
However, to avoid a Dec. 31 deadline when the payroll tax holiday expires, both chambers must reconcile their differences over the bill.
In his daily press briefing, White House spokesman Jay Carney told reporters the payroll tax cut was President Obama's "number one priority." The President earlier had expressed support for the Senate compromise.
The White House said Sunday "If House Republicans refuse to pass this bipartisan bill to extend the payroll tax cut," the White House warned, "there will be a significant tax increase on 160 million hardworking Americans in 13 days that would damage the economy and job growth."
Under the Senate-passed measure, the payroll tax rate would stay reduced until February. The deal also includes the so-called "doc fix" which sets reimbursement rates for Medicare providers, a two month extension of unemployment insurance, and language relating to the construction of the Keystone XL pipeline from Canada to the U.S.
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Two months? I mean really... Why bother? Just fuck what's left of the middle class and get it over with already. That's what CONgress is best at doing anyway.
This is how civilizations end.
"Speak hands for me"
~Publius Servilius Casca Longus
Hey everybody, look, a distraction!
Could someone on the floor please quote from Pokemon!
http://www.amazon.co.uk/Collapse-Complex-Societies-Studies-Archaeology/d...
Brilliant book.
interesting
this came from a comment:
The modern state so says Tainter is an anomaly, throughout the several thousand years of our history the common political unit was the small, autonomous community acting independently and largely self-sufficient.
In constrast complex societies such as states have a ruling authority which monopolises sovereignty and delegates power. The ruling class tends to be professional and is largely divorced from the bonds of kinship. The elite have the power to draft labour for war or work, levy taxes and enforce law, but it must be seen to be legitimately constituted. Legitimacy is a recurrent factor in the modern study of the nature of complex societies and is pertinent to understanding their collapse....
Guess like every empire in history, the US thinks it's the exception to every empire in history
This will not end well
That is what today's media and education is for. Giving the lazy navel gazing ruling class legitimacy. When the Emperor walks more and more around in the buff, the need to develop more and more elaborate legitimacy schemes increases.
Two other books come to mind
http://www.amazon.com/Limits-Growth-Donella-H-Meadows/dp/193149858X
http://en.wikipedia.org/wiki/Guns,_Germs,_and_Steel
sorry three books,
http://www.amazon.com/David-Suzuki-Reader-Lifetime-Activist/dp/1553650220#reader_1553650220
“As a scientist I was not taught to feel a responsibility to discuss moral, ethical or social ramifications of new discoveries. In fact, my fellow scientists regard the popularization of science as a rather vulgar activity undertaken by those who couldn’t cut it in research”.
David Suzuki
It may have worked when global population was small -- but given our current population, small autonomous community model may not work -- that would be akin to roving gangs. IMHO, this is a non-starter in our current context.
Ohh, the humanity!
I say seven days before bonfires on the street corners. The retards will pass it, but it sure would be exciting if they didn't. If they don't, the con critters better hope they have an extra five hundred bulletproof vehicles sitting around.
"Happy Holidays", Bitchez.
Kick the can
kick the man
I'm holding out to see if they pass this, then I'll pull that yacht out of layaway
I wanna see some mutter-fawking charts!
Blah, blah, blah, play your political dog and pony show. Then you'll appove it.
Where are they hidding Biden these days?
He's off handing out gift bags full of taxpayer dollars to his new friends the Tallyban.
Please defeat and end this fucking charade.
http://vegasxau.blogspot.com
"A banana republic - if you can keep it."
"After passing the compromise bill by a vote of 89-10, the Senate went into recess..."
nuff said...
Yea, how can they have a conference if the entire senate is now back home planning how they'll fleece the citizenry next year?
Wait, what compromise? The Senate compromised with itself?
Compromise with the House. CUT SPENDING AN AMOUNT EQUAL TO THIS PAYROLL TAXCUT.
This article lost me at "Harry Reid said..."
Any sighting of Man Boobs McGee yet ?
Screen burn on my brain. I can't escape it. Who can I sue?
In case anyone wants to step away from the clown show for a dose of reality.
14,000 U.S. Deaths in the 14 Following Weeks of Fukashima:
http://www.infowars.com/14000-u-s-dead-in-14-weeks-after-fukushima-meltdown/
I keep wondering why more of it isn't covered here by anyone other than George.
In the last week Japan and Tepco have admitted:
1) Reactor 2 was on fire.
2) Reactor 1, 2, and 3 were damaged in the earthquake.
3) Reactor 4 was not in cold shutdown.
4) Fuel rod fragments were strewn around by the big explosion.
I have a neighbor who grew up in and has family throughout Tokyo. Sometimes, we end up at the bus stop waiting for our kids. The other day, I asked her about the reactor. At some point I could see her trying to keep composure and so I then confessed that I'm a real skeptical person and I didn't really believe what we were being told by our press or our government or theirs. She smiled that broken smile that is a mixture of empathetic relief and sorrow and said, that's what my family thinks too.
Sounds like a "proof" to me!
>I keep wondering why more of it isn't covered here by anyone other than George.
Well, how about the simplest explanation: perhaps that's because George is an idiot.
Or, because he's one of few who are willingly spreading lies.
wtf are you on about?
HAHAHAHA are you kidding me?
Is this supposed to be a joke?
That's total BS!!
Yeah it's just a medical journal, what do they know???
Sorry for off topic subject but interesting video on Chinse peasant rebellion
China losing control ? http://www.youtube.com/watch?feature=player_embedded&v=IkY9K3emAa8
Occupy the Great Wall [street]???
Good. I hope it is only getting started.
If so, millions will die as a result. Mao 2.0
That would only leave a billion+.
great link thanks
They certainly are well dressed for cockroaches.
How much do these fuckers get paid?
Not fucking enough, but they make up for it in bribes.
Disapproved. Fuck you Pelosi, Reid, and B. Hussein Soetero.
http://vegasxau.blogspot.com
Sure.Also fuck Boner,Cantor and McCunt.
Nothing can get done in the banana republic.
To be fair, I just finished eating a banana.
So, there's proof, something can get done.
I repeat, from my comment above:
"A banana republic - if you can keep it."
...unless it tramples on either the Constitution or Bill of Rights. Or has some stupid name, which would imply you approve of murdering children unless you vote for it.
We need those payroll deductions to help buy new homes! Because housing starts actually FELL 11.25% last month.
1 Unit Housing Starts Actually FELL -11.25% in November
http://confoundedinterest.wordpress.com
http://www.esa.doc.gov/sites/default/files/ei/documents/2011/December/newresidentialconstructionnovember2011.pdf
Yes, and without "seasonal" massaging of the data, housing starts DECLINED by a tenth of a percent in November 2011 M/O/M.
This is actually good news, as there's no need to build any more houses for quite some time. As for anybody considering building their dream home, well, they need to be beaten about the head until they realize the advantage of the sunk cost of construction that has to be eaten by the current owner, in order to attract buyers.
Broken. Congress won't function again until we have a crisis big enough to wake them up. The last 3 years hasn't been enough of a crisis for them. But something bigger is coming, and they're doing their best to hasten it along.
Functional Congress? Dream on.
Taxes are quaint relics at the federal level.
It's all a national security matter now.
The extra tax is to increase funding for the 46 million on foodstamps. Govt believes more unemployment and higher food costs are on the way.
Market is extending the rally on the news...
Muppet theater.
You would think this would be negative for market.
My positions have been performing much better since I bagged the 'thinking'.
All that time on a minor tax policy tweak that lasts 2 weeks?
WTF?
2 months.
The tax break in inconsequential.
All this does is allows the pres, Reid, et al, in addition to the MSM to say over and over how many Americans will be affected, that the economy will be in shambles because of the GOP's action on this, and allows the pres to say he cut our taxes.
It's BS, just a bunch of BS. Shouldn't be dicking with it anyway. Spend some freaking energy and time doing real things to get us out of the bigg azz hole we are in, or at least make some effort to pretend you are.
Gheesh.
Seriously right on. What they hope to accomplich has nothing to do with the content of this Bill. They are trying to make political points with this totally flat football. 2 months does nothing, clearly. 2 months is lilke 200 bucks per household. It is the show they are after. And it shows just how disconnected they are on both sides of the aisle. This is Social Security money they are spending. Do something to deal with the real problem, not the symptoms you F-Nuts! It is almost too much to think that we have this to look forward to for the next 11 months. Ron Paul for President, PLEASE!
I agree. Two Months of lower payroll taxes will save the US?
C'mon Man!
Our government needs a permanent time-out -- don't bother coming back after recess, we're in the process of cleaning out your desk!
America should have a VAT or GST. It slows down spending on junk and balances the budget. Get rid of income taxes as they can be avoided. A VAT is hard to avoid.
GBU-28 would solve a bunch of problems
Is that the code for a neutron bomb?
How many more people will fall below the poverty line without the tax break and the UI extension?
How many more people will fall behind their mortgage payments?
How many more people will not be able to buy gas for their cars?
---
With 46 million on food stamp and almost 50% of the population living below the poverty line maybe its time to subsidize non-profit organization to open soup kitchens.
jal
I don't mean to be mean but you are handing out free goodies to too many people. Sure theydon't get as much free stuff as say a banker but the poor make up for it in volume. Besides, section 8 doesn't benefit the renter, it benefits the landlord. I artificially raises rents.
It's ok, it's ok...Now we just call for a Committee Conference Meeting to Propose a Planning Strategy and everything will be different this time.
The Senate Bill "...also includes the so-called "doc fix" which sets reimbursement rates for Medicare providers". That alone is reason enuff to kill the thing. The so-called 'doc fix' is to fix a problem that ObamaCare created which ended up being instrumental in the phony figures the Dems and Obama pushed on Americans.
Undo all of ObamaCare and the 'doc fix' becomes a mute point, right?
Nope. Wrong, Jay28elle. The problem of the doc fix dates back to 1977 legislation. The only connection with Obamacare is that the Obamacare legislation didn't fix it permanently...thus the continuing need for these temporary fixes. http://reason.com/blog/2011/12/16/the-doc-fix-an-object-lesson-in-how-go...
Post less, read more....especially if you get your "knowledge" from Faux Noise....and the word you're looking for is "moot", not "mute".
Can't even pass an effing 2% cut, an amount they both agree on... without earmarking it with some BS oil pipeline.
Do your effing jobs and HELP THE PEOPLE for once!!!
Oh and P.S. the "Market" doesn't give a rat's ass. Are you kidding me. Huge impact to GDP if this isn't resolved. Huge negative for the economy and the computers could care less.
Totally logical action today. And P.P.S - this whole situation really pissses me off.
That pipeline would create thousands of jobs and provide billions of dollars in tax revenue for the states it passes through over its lifetime. Oh, and it's a Canadian company building it...
Essentially, it's a New Deal program that helps put Americans to work, costs us nothing, and makes a bunch of states a significant amount of money in property taxes. Tell me why the Democrats oppose it again? Oh yes, they would rather scuttle the plan so that they can make a futile gesture to protect the environment, when the pipeline is built anyway through Canada.
and yet , the pugs killed a bill which allows for tax cut to continue?
Hmmmmmmmmmmmmmmmmm.
Isn't a tax rise always a bad thing according to the pugs and yet they killed the deal that contained their core wants or SO THEY SAY!
wake up .......................it isn't about what they say.
Let's see if they can avoid sticking another fork in the economy. Benjamin Franklin was right. No man's person or wallet is safe, when Congress is in session.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
We need to change the name of The United States to: "The Titanic"....
The 1-year democrat-initiated "tax hoiiday" should be over. Fact is that this 'holiday' is creating more fiat money because uncle sam has to borrow to pay current benefits.
A 2 month extension is nothing more than a patch so the politicos can go home for Santa.
So what will 2013 look like when:
a) The tax holiday comes to an end
b) Obama care taxes start in earnest?
Can we handle the double-whammy to the econonmy THEN versus now?
So we know that the money did not boost the economy, yet all of punditry says if we don't have it all hell will break loose.
Response: we can take our pill over time, or we can have it expode and kill, literally, millions of people. Why is later better than now? Only because the politicos and punditry want the status quo to continue so they can continue to line their pockets for another period of time before all hell breaks loose.
At least the congress has some balls to call bullshit on bad legislation.