HOUSE REACHES COMPRIMISE DEAL UNDER PRESSURE TO EXTEND PAYROLL TAX BY TWO MONTHS IN 2012….CONFERANCE COMMITTEE WILL NEGOCIATE LONG TERM SOLUTION.

 House Speaker John Boehner has agreed under pressure from his own Conservative Party to extend the Pay Roll Tax cut by two months into 2012. The agreement came after heavy pressure from the White House as well as Conservative members in Congress obviously feeling the heat from the House stalling on a two month rather than one year extension of the Pay Roll Tax Reduction which would have cost thousands of families $40.00 per pay check if not more.  The President opened his White House Web site asking people to respond to what that $40.00 ment to their family and received over 30 thousand emails describing the hardship families would face losing that amount of money.  It means less food on the table, less gas in the car, we go without certain medications, thats just enough to get us evicted,were some answers received in a massive response which led to an important victory for this admiministration.  

The comprimise, drafted by Republican Minority Leader Mitch McConnell, would agree to the two month extension with the agreement of appointing a Joint Conference Committee which would negociate a long term solution.  House Speaker John Boehner, visably unhappy with the deal, bowed to pressure from Conservatives in his own party.  He said once again we are kicking the can down the hill, and not resolving the long term problem. 

President Obama who had called a press Conferance earlier today persisted in urging Congress to come out with a Comprimise Solution before the New Year.  He congratulated Congress for ending a partisan stalemate.  The President also urged Congress to extend the Pay Tax Cut for a full year in 2012. 

At any rate this ends an immediate crisis for thousands of people already forced to make hard choices on their currant budget..  Many were clear, that further cuts in their income would have serious consequences, in some cases those consequences would have been disasterious.  For now, at least that crisis has been averted.  However, as an avid watcher of the American Political scene, recognizing that there is a true Conservative distain for this President and anything Obama, I am still concerned that in early 2012, any comprimise to extend this tax cut for an entire year will be a long fought politically bloody battle with neither party willing to comprimise South of their political philosophy.  That could mean serious trouble for thousands of Americans holding on by a mere shoe string. 

I hope a comprimise can be reached.  But, only time will tell.

Yep….As the Duke once said….”This thing ain’t over yet”!

Have a great night.

God Bless America.

Advertisements

About THE HORTON JOURNAL A POLITICAL PERSPECTIVE

I am 62 years old. I've been blogging for several years. I am into History and Politics as well as currant events. The latter being the main issues covered on these pages. I was a Community Advocate for twenty years, and a volunteer aide in a State Representatives Office in my home state of Michigan. While I have basically ceased these activities, I still watch the world around me closely and report on it as much as I can, which I might add is often. I encourage comments on my Blogs. I only ask that we keep our opinions clean and without insults threats or intimidation. I hope you take time to read The Horton Journal, and look forward to your comments.
This entry was posted in Bail Outs, Balanced Budget Amendment, Campaign 2012, Civil Rights, Class Warfare, Cmapaign Rhetoric, Community and Neighborhoods, Congress, Conservative Right, Conservatives, Currant Events, Debt Ceiling, Democrats, Human Rights, Internatioanal Affairs, International News, Liberals, National News, News and Politics, Nut Cases, Obamagate, Perry, Politics, Republicans, Rick Perry, Romney, Senate, Social Issues, Social Justice, Social Security and Medicare, Solyndra Loan, The Tea Party. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s