AP July 13, 2008: Shown here is the Freddie Mac headquarters in McLean, Va Homebuyers, beware. In exchange for a two-month tax cut, the Senate on Saturday approved a permanent increase in fees attached to mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). The fee hike would apply to new [...]
AP December 1, 2011: Senate Majority Leader Harry Reid of Nev., center, accompanied by Sen. Patty Murray, D-Wash., Senate Majority Whip Richard Durbin of Ill., and Sen. Charles Schumer, D-N.Y., speaks to reporters about extending the payroll tax cut on Capitol Hill in Washington. WASHINGTON – Senators are voting on compromise legislation to extend a [...]
WASHINGTON – The Obama administration says it is willing to accept a tentative Senate deal to extend a Social Security tax cut and unemployment benefits, even though the extension is only for two months. A senior administration official also says that a provision requiring a swift decision on a Canada-to-Texas pipeline would almost certainly result [...]
WASHINGTON – The Republican-controlled House has passed legislation sought by President Barack Obama to extend Social Security payroll tax cuts through 2012. But the bill also includes a requirement for construction of an oil pipeline that has drawn a veto threat. The vote was 234-193. The measure now goes to the Senate, where top Democrats [...]
WASHINGTON – President Obama is pushing Senate Democrats to use a critical year-end spending bill as political leverage to gain Republican backing for his calls to extend payroll tax cuts and unemployment benefits due to expire at the end of the year. An administration official said the president called Senate Majority Leader Harry Reid, D-Nev., [...]
Republicans claimed enough support to push legislation through the House on Tuesday that would continue a payroll tax cut for 160 million workers, a vote that would shift the battleground to a staunchly opposed Senate. House GOP lawmakers emerged from a closed-door meeting Tuesday morning expressing confidence and daring President Barack Obama and the Democratic-led [...]
President Obama’s veto threat for a payroll tax cut that includes action on the Keystone oil pipeline is “posturing,” the top Senate Republican said Sunday, asserting that enough Democrats support building the pipeline to enable a vote on a GOP-styled compromise. Senate Minority Leader Mitch McConnell told “Fox News Sunday” that his Democratic counterpart, Majority [...]
WASHINGTON – House Republicans introduced legislation Friday that would extend the Social Security payroll tax cut through 2012 and trim extra benefits for the long-term unemployed. The measure invites a year-end clash with President Obama and Democrats by including language that would pave the way for construction of a controversial oil pipeline. The legislation, which [...]
Suggesting Republicans are hypocritical for saying they won’t raise taxes but refuse to cooperate on a payroll tax holiday extension, President Obama warned Monday that 160 million people will see an increase in their taxes on Jan. 1 unless Republicans agree to a compromise. “I know many Republicans have sworn an oath never to raise [...]
