Victorious Obama Signs Bill To Extend Payroll Tax Credit

Victorious Obama Signs Bill To Extend Payroll Tax Credit

A heartening political victory in his pocket, US President Barack Obama flew to Hawaii to join his family on the annual vacation, soon after putting his seal on the bill that extends by two months the pay roll tax break on millions of Americans. Obama signed the bill within hours of the Congress passing it after it was held up for days by the Republican leadership in the House of Representatives. [RELATED-STORIES] As pressure started building in, the House Republican leadership lead by Speaker John Boehner caved in to Obama’s demand and was virtually forced to come back from vacation to pass the bill. In his remarks to the press before he left for Hawaii, Obama thanked the Congress. “I said it was critical for Congress not to go home without preventing a tax increase on 160 million working Americans, and I’m pleased to say that they’ve got it done. So I want to thank all the members of Congress for ending the stalemate and making this happen,” he said. “Because of this agreement, every working American will keep their tax cut, about a thousand dollars for a typical family, and that’s — translates into an extra USD 40 or so in every paycheck. Vital unemployment insurance will continue for millions of Americans who are looking for work,” he said. He also asked Congressmen to return and keep working without “drama” and “delay” to reach an agreement that extends the tax cut, as well as unemployment insurance, through all of 2012. The billion measure also includes a two
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One Response to “Victorious Obama Signs Bill To Extend Payroll Tax Credit”

  • PAprepper1:

    hey well that ass hole in office is about to get a heartening boot in the ass since the government just delayed the 2012 tax returns to a unspecified date…yep once an done for Nobama..

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