Congressional Debate Over Extending the Payroll Tax Cut

Congressional Debate Over Extending the Payroll Tax Cut

Lawmakers spar over how to pay for extending a payroll tax cut scheduled to expire at the end of the year: What alternative proposals could mean for job creation, consumer spending and the overall economy.

In a speech in Osawatomie, Kansas yesterday President Obama threw down a populist gaunlet: at issue Republican opposition to extending a payroll tax cut set to expire at the end of this year. The decision to extend the cut is, in the President’s words: “a make or break moment for the middle class”. Many Republicans support extending the cut, but they disagree with Democrats over how to pay for it. Senate Minority Leader Mitch McConnell has rejected the latest Democratic proposal suggesting a swift compromise on the issue is not likely: Join us to discuss political and economic stakes in the debate over extending payroll tax cut.

Guests

Isabel Sawhill

senior fellow, Economic Studies, The Brookings Institution.

Chris Edwards

director, Tax Policy Studies,
and editor,www.DownsizingGovernment.org
Cato Institute

Naftali Bendavid

national correspondent, The Wall Street Journal.

David Stockman

former Congressman from Michigan, R
budget director during the Reagan administration

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