HOUSE BLOCKS TAX-CUT

Try Our New Player
tvnportal
1.4K
2 views
  • About
  • Export
  • Add to
STORY:HOUSE BLOCKS TAX-CUTDATELINE: Dec. 21, 2011LENGTH: 0:02:07LOCATION:WASHINGTONPKGINTROU.S. has gone through a contentious year of divided government.As if to doggedly stick to this tradition, The Republican-led House of Representatives has scuttled a payroll tax cut extension just two weeks away from 2012.But this would inflict heavy burden on millions of workers and long-term unemployed.PKGThe Senate approved on Saturday a two-month extension of payroll tax cuts and jobless benefits for the long-term unemployed.Yet the measure hit a wall on Tuesday when the U.S. House opposed it."The clock is ticking, time is running out," Obama stresses shortly after House voted 229-193 to request negotiations with the Senate on renewing the payroll tax cuts for a year.This time, it isn't a partial government shutdown or even a Treasury default that is at stake, but the prospect that payroll taxes would rise on Jan. 1 for 160 million workers, and long-term unemployment benefits end for millions
Powered by NewsLook.com
Producer : Xinhua News Agency

0 comments