Obama Presses for FICA
Tax Cut Extension
President Barack Obama delivers a statement, White House Photo, Chuck Kennedy, 12/5/11
In comments at the White House Monday, President Obama said the economy is “still fragile” and that extending the tax cut is important not just for the economy as a whole, but for individual families. Mr. Obama also pointed to recent comments by Republican leaders in the Senate and House of Representatives about the importance of renewing the cuts, and urged them to support the extension.
Congress has started debate on extending the payroll tax cut and jobless
benefits, but Democratic and Republican lawmakers have so far been
unable to reach an agreement. The Senate last week rejected Mr. Obama's
plan, as well as a competing Republican proposal.