We enter the evening with Speaker John Boehner caving in to a growing chorus of criticism from both within and outside his Republican party. He has agreed to The Senate’s short-term deal to extend a payroll tax cut for 160 million Americans.
In a major reversal that appeared to end a standoff with Democrats, Boehner told Senate Majority Leader Harry Reid he would set a vote in the House on a Senate-passed two-month extension of the payroll tax cut.
Boehner’s about-face contrasts with a year of Republican dominance in The House, in which a staunch opposition to higher taxes and spending yielded a string of political successes. Their backpedalling this time handed a rare victory to President Barack Obama and Democrats.
The vote to carry out the 60-day plan should take place tomorrow.
Posted on December 22, 2011, in budget, Congress, Economics, event, Finance, government, News, Opinion, Politics, President Obama, Taxes, vote, Word from Bill and tagged Barack Obama, Democrats, Harry Reid, John Boehner, Party leaders of the United States Senate, Republican, Senate, United States. Bookmark the permalink. 1 Comment.