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Tax cut talks focus on budget cuts, new fees

Republicans would cut federal employee benefits. President Barack Obama would raise fees for airline passengers and eliminate Saturday mail delivery. Democrats in Congress would charge employers higher premiums for federal pension guarantees.

By Andrew Taylor | Updated on January 16, 2012
President Barack Obama signs the payroll tax cut extension, Friday, Dec. 23, 2011, in the White House Oval Office in Washington. (AP Photo/Haraz N. Ghanbari)

WASHINGTON (AP) — Republicans would cut federal employee benefits. President Barack Obama would raise fees for airline passengers and eliminate Saturday mail delivery. Democrats in Congress would charge employers higher premiums for federal pension guarantees.

As Congress returns from a three-week holiday break, those are a few of the ideas for how to pay for extending an average $20-a-week Social Security payroll tax cut through the end of 2012 without adding to the government’s long-term debt.

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