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.