House Vote On Payroll Tax Extension Live - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

House Vote On Payroll Tax Extension Live
Started:December 20th, 2011 (12:50 PM) by Quick Summary Views / Replies:506 / 0
Last Reply:December 20th, 2011 (12:50 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

House Vote On Payroll Tax Extension Live

Old December 20th, 2011, 12:50 PM   #1 (permalink)
Quick Summary
House Vote On Payroll Tax Extension Live

Watch as the house votes on the Senate proposed two-month payroll tax extension, coupled with a motion to go to conference.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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.

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > House Vote On Payroll Tax Extension Live

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
US Payroll Tax Cut Extension Stuck in Partisan Fight Quick Summary News and Current Events 0 December 20th, 2011 12:30 AM
House GOP Leaders Demand New Payroll Tax Cut Bill Quick Summary News and Current Events 0 December 18th, 2011 07:50 PM
Senate Agrees to Extension of Jobless Benefits, Tax Cut Quick Summary News and Current Events 0 December 17th, 2011 11:00 AM
Lawmakers Reach Deal On Temporary Payroll-Tax Cut Quick Summary News and Current Events 0 December 16th, 2011 09:20 PM
Payroll tax deal-What does it cost? Quick Summary News and Current Events 0 December 1st, 2011 07:20 PM

All times are GMT -4. The time now is 02:12 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-23 in 0.07 seconds with 19 queries on phoenix via your IP