The GOP-controlled House of Representatives is expected to reject the Senate’s two-month extension of the payroll tax cut and instead pass a measure by the end of Monday reinforcing the need for a one-year continuation.
The payroll tax cut, emergency federal unemployment benefits, and a delay in scheduled pay cuts to Medicare physicians will all expire on December 31 without congressional action. The Senate measure, which addresses all three matters through the end of February, is facing fierce resistance from conservatives upset with both the temporary nature of the bill and its impact on funding for Social Security.
In an interview last week with Greenwood affiliate WLMA, 4th District Congressman Trey Gowdy said he doesn’t like temporary tax policy and he doesn’t like taking money from Social Security.
Republican House Speaker John Boehner said he wants the issue to be taken up by a House-Senate conference committee; that would require the Democratic-controlled Senate to return from its holiday break.
Gowdy says if they have to stay, he and his Republican colleagues will have to find a way to pass the time until an acceptable comprise is reached– joking they would sing “Silent Night” and exchange gifts in DC if they had to. The payroll tax break is worth roughly $1,000 a year for an average family, and it affects roughly 160 million Americans.
AUDIO: Gowdy says he’s willing to spend Christmas in Washington
Anne Eller of Greenwood affiliate WLMA contributed to this report