WASHINGTON (AP) — Bruised from the payroll tax cut brawl, congressional Republicans want to change the subject and push legislation they say would create jobs by promoting transportation and energy projects, cutting business taxes and helping companies raise capital.
Democrats hope to use the momentum they say they gained from the payroll fight by forcing Republicans to vote repeatedly this election year on jobs programs financed by tax boosts on the rich.
The parties' legislative strategies underscore the political conclusions each drew from the payroll battle. That fight finally ended Friday when Congress used bipartisan votes to send President Barack Obama a $143 billion package extending the 2 percentage point payroll tax cut, preserving extra jobless benefits for the long-term unemployed and preventing slashes in Medicare reimbursements to doctors.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
