House agrees to extend payroll tax cutsWashington, DC (WDAY TV) - House Republican leaders have agreed to a 2 month extension of Social Security payroll tax cuts and federal unemployment benefits. After several debates President Obama campaigned for a resolution and said today that enough is enough.
House Republican leaders have agreed to a 2 month extension of Social Security payroll tax cuts and federal unemployment benefits. After several debates President Obama campaigned for a resolution and said today that enough is enough.
With the 2 month extension passed you can expect to see your normal tax deductions on your pay check come January 1st. If the extension was not passed, you could have seen around $20 a week less in your check.Senator John Hoeven voted for the extension. He says payroll taxes weren't the only thing being affected by the disagreement.
Senator John Hoeven – (R) North Dakota: It is also the Doc Fix, unemployment benefits, making sure they continue and a piece of legislation that I wrote, my staff and I wrote and submitted and that’s on the key stone pipeline.
Hoeven says one of the main things this country needs is to focus on creating jobs. He believes North Dakota is doing its part in this movement.
Senator Hoeven: “Job number one for our country right now, for our country is getting the economy going, getting a person back to work. That is the job number one. We are doing it here in North Dakota; we need to do it as a country.”
While Hoeven voted yes to the extension, Congressman Rick Berg voted against it. He says a two month plan doesn't do any good and we need to think long term at a goal that lasts the entire year.
Senator Rick Berg – (R) North Dakota: “We need to quit kicking the can down the road a month, two months and say here is what are going to do for the next year so people can plan on that.:
Although they disagreed on the extension both Hoeven and Berg hope congress will be able to form a plan that ensures you will continue receiving the same amount on your paycheck.
Hoeven says it is important that we work together and get the legislation done for the Keystone XL pipeline project, and extend both the temporary payroll tax cut and unemployment insurance.