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Tuesday, November 22, 2011

Obama Pushing to Preserve Payroll Tax Cut After Deficit Panel Failure

President Obama, after watching the deficit Super Committee collapse under the weight of partisan discord, plans Tuesday to urge Congress to prevent that failure from resulting in a payroll tax increase at the end of the year.

Some on the so-called Super Committee were hoping to include the payroll tax extension, along with an extension of unemployment aid, in a final agreement to cut the deficit by $1.2 trillion. The provision, passed last year, was one of Obama's signature policies and something he has pushed for as part of a larger jobs package that has yet to attract widespread support in Congress. Without a deficit deal, the future of the cut and numerous other provisions is unclear.

The president plans to renew his call for the payroll cut to be extended and expanded in a visit Tuesday to New Hampshire.

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