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Obama vows veto of House-approved tax cut bill



Published: Sat, December 17, 2011 @ 12:18 a.m.

WASHINGTON

The White House promised a veto Tuesday for a Republican bill renewing a payroll-tax cut next year for 160 million workers, complaining that spending cuts that pay for the measure would whack the middle class and require no sacrifice from the rich.

The House passed the bill 234-193 in a roll call Tuesday. The measure would extend Social Security

payroll-tax cuts and require construction of a Canada-to-Texas oil pipeline.

The veto threat came as the House began debating the bill, which also would extend long-term unemployment benefits and prevent a cut in Medicare payments to doctors. It is virtually certain to die in the Democratic-run Senate.

Obama previously had objected to a provision in the bill forcing work on a proposed oil pipeline that would stretch from Canada to the Gulf Coast, which Obama wants to delay.

Tuesday’s veto threat was more strongly worded and broadened his objections to the bill’s unfair treatment of low- and middle-income earners, a theme that has become a dominant one for Democrats as the two parties position themselves for next year’s elections.

“If the president were presented with HR 3630, he would veto the bill,” the statement said, referring to the number of the legislation.

Republicans said the legislation underscored their effort to create jobs and said the Senate could not simply ignore the legislation.

“The Senate can take up our bill and amend it, or they can pass their own bill. But they can’t continue to shirk their responsibility to govern. America can’t wait,” said Michael Steel, spokesman for House Speaker John Boehner, R-Ohio.

The White House statement said the measure, whose cost exceeds

$180 billion, “seeks to put the burden of paying for the bill on working families, while giving a free pass to the wealthiest and to big corporations by protecting their loopholes and subsidies.”

Democratic versions of the legislation, backed by Obama, would have been paid for largely by boosting taxes on people earning more than $1 million

annually, a proposal

Republicans have ignored.

The House legislation is partly financed by requiring higher earners to pay larger premiums for Medicare and preventing the wealthy from collecting jobless benefits and food stamps.

But far more savings come from other proposals, including extending a pay freeze on civil servants and forcing them to contribute more to their pensions, paring some spending under last year’s health-care overhaul and boosting fees that federally run Fannie Mae and Freddie Mac charge for backing mortgages.


Comments

1commoncitizen(961 comments)posted 2 years, 9 months ago

Paying for what ---more jobs??

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2AnotherAverageCitizen(1174 comments)posted 2 years, 9 months ago

You say the rich create jobs with taxbreaks for them. Well that didn't happen. Now they want the middle class to pay more to create jobs. WOW teapub math is really strange.

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3commoncitizen(961 comments)posted 2 years, 9 months ago

And how many jobs did the "middle class" people create vs the "rich"???The majority of "middle class" people work for companies that the "rich" took chances on creating and created the jobs that people like you complain about .

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4joydav(41 comments)posted 2 years, 9 months ago

Everyone is either on concerned with the "Rich" or the "Middle Class. Why is the only concern or people? There is yet another bracket of workers in the US. These people are called the Working Poor". The US citizen get taxed like the middle class, and yet the only concern is for the other two tax paying US citizens. Can we have a little concern for them as well?

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5Stan(9923 comments)posted 2 years, 9 months ago

The rich slobs are anyone with a paycheck and the libs salivitate at taking more and not contuinuing with the cuts .

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