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UPDATE: President Signs Extension of Temporary Payroll Tax Cut

Both House and Senate pass the payroll tax extension for 160 million Americans on Friday.

 

UPDATE: President Obama signed the temporary extension for a payroll tax cut Friday, according to The Sun Times. Both the House and Senate approved the measure also on Friday.

Congressman Randy Hultgren was one of two Illinois Republicans this week who rejected a proposed payroll tax cut measure backed by President Obama and sent it back for more work.

A spokesman for Hultgren, who represents Congressional District 14, said that the 2-percentage point payroll tax cut extension for two months was "unacceptable" to business leaders, according to the Sun-Times and Associated Press.

Last week, Hultgren voted in favor of the House version of the bill, which called for a one-year extension.

“It is also fully paid for, not with job-crushing tax hikes, but with spending cuts, including a continued salary freeze for Members of Congress," Hultgren said of the House bill in a Dec. 13 statement from his office.

The Senate version called for a two-month extension.

robert poznanski

1:00 pm on Wednesday, December 21, 2011

It may have been "unacceptable to business owners, but what about the workers, who now will have their tax bill raised, while those very same "business owners, the very ones who are making record profits, while holding down wages,and "cry", about how their taxes, are "killing them"as they get more and more tax incentives passed! What do they think their customers, who aren't having their interests addressed with this vote,who are not going to be able to patronize them much further,because of all this, think about it?

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Sandy Kaczmarski

3:15 pm on Wednesday, December 21, 2011

While the "job creators" continue to enjoy large tax breaks, the working people will be squeezed out of another 2% of their wages, if they have a job at all. It will be that much less people will have to spend to "stimulate" the economy. Congress gets an "F."

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Angela Kane

2:57 pm on Thursday, December 22, 2011

Sandy--maybe we should just tax all the "job creators" you disdain so much 100% and you know what the result will be? GONE--they'll go out of business, the jobs will be gone, more people will be unemployed, more houses will be foreclosed on, and more taxing districts will raise taxes on anyone who has two nickels to rub together. Welcome to your utopian reality!

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Lou B.

9:34 am on Saturday, December 24, 2011

Sandy, are you aware that the reduction is simply a reduction in Social Security funding? I truly wish that you would care for senior citizens and support social programs such as Social Security particularly when the people receiving benefits have already paid their fair share.

Reduce taxes (gov't revenue) and increase benefits (gov't spending)... typical liberal (euro socialism) accounting that does not work.

Bob

6:43 pm on Wednesday, December 21, 2011

I can not wait to vote for Bill Foster and send Li'l Randy Hultgren back to his hairdresser in Wheaton.

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MattG

8:54 am on Thursday, December 22, 2011

Uhhhh, Foster is not running in the 14th Congressional District. He's running in the 11th.

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Niel

10:31 am on Thursday, December 22, 2011

Unfortunately Matt is correct. Hopefully Bill Foster will win in the new district that is south of us. The question is if we don't like what we have, are you going to help create a change?

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Lou B.

9:26 am on Saturday, December 24, 2011

Bob - Apparently you're not paying attention, Bill Foster lost, Hultgren won, and Bailout Bill Foster is now planning to run in another district where people don't know him (his only chance at winning reelection frankly).

Bob, Jack, DJN.... you guys have real names or are you all one and the same?

Jack

9:44 pm on Wednesday, December 21, 2011

I am absolutely embarassed to live in the District he thinks he represents...another day of watching sheep follow a ignorant leader in the House of Reps....where have the real Statesmen gone ??

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Angela Kane

2:55 pm on Thursday, December 22, 2011

Mr. Flynn--You are welcome to move to the 11th district and vote for Bill Foster (who by the way doesn't even really live in Illinois--he's just shopping for a district where he thinks the people are willing to overlook that). Move to Nevada and you can have Harry Reid represent you.

D Clark

8:29 am on Thursday, December 22, 2011

The simple fact is that most/all payroll processing firms (ADP, Paychex) were unwilling/unable to implement any short term changes to their software. Why would we even consider a 2 month patch? Games played on both sides of the House and Senate indicates the lack of both congressional and presidential leadership.
Remember that monster $15.1 Trillion dollar debt? It is worsened by this bill and oh by the way - each person's portion of this debt is now $48,500.
I wanted Hultgren to stem the spending spree - this vote supports that.

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MattG

8:57 am on Thursday, December 22, 2011

For all you liberals who have commented so far, let's set the record straight.

The Republicans, including Randy have already voted for the tax break.

The Senate Democrats wanted a 2-month extension, not a year extension.

Harry Reid has REFUSED to have the Senate work on this. Nancy Pelosi has said that she will not bring her members back.

The House Republicans are still there, ready to work. The Democrats have punted.

If you have a problems with the bill being passed, look at Reid, Pelosi and Obama.

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Rudy

9:12 am on Thursday, December 22, 2011

Thank God Randy is standing up for Middle America! How can you run anything with a two month plan? Is American running a going out of business sale those are the only companies that talk in terms of two month plans the ones going out of business. Pay for it with cuts NOT more tax hikes on the middle class because 41% of the poor pay no tax or actually get money back not owed to them through earned income tax credits a reward for being lack luster???? We need to stop rewarding mediocrity this is capatalism Not communism. Go get them Randy stand up for the working people.

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Niel

10:24 am on Thursday, December 22, 2011

30 corporations paid no taxes last year! Why are you so worried about the poor. What is 10% of nothing?

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Nick Swedberg

2:37 pm on Thursday, December 22, 2011

Just to clarify—I believe the "41 percent" figure often used in tax discussion indicates the total number of Americans who have no federal income tax liability. Also, unless I'm mistaken, those who have no federal income liability can be found at virtually all tax levels: http://economix.blogs.nytimes.com/2011/06/28/who-doesnt-pay-federal-income-taxes-legally/

Niel

10:22 am on Thursday, December 22, 2011

Get real, the Senate version of the Bill had bi-partisan support. Meanwhile the House version of the Bill that provided tax relief for another year was filled with extra Christmas presents for the middle class that included: decreasing the unemployment benefits back to 59 weeks from the current “emergency” level of 99 weeks and the approval of the Keystone Pipeline from Canada to Texas without the completion of studies. For the 1% there is increased tax deductions in the area of depreciating property. None of these things belong in a bill that is supposed to provide tax relief to the middle class. Randy Hultgren is standing up for his own self interest, he is not looking out for the middle class.

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Angela Kane

2:52 pm on Thursday, December 22, 2011

DJN--too afraid to use a real name?

You are wrong on all counts. You must be reading the daily DNC talking points because your connection to facts is tenuous at best, and I'm being generous here. EVERYONE needs to pay some kind of income tax--Everyone needs SKIN IN THE GAME. This "I get everything for free" mentality has to end. And the 99 week stuff has to end. Why don't we just pay people to stay home forever? There are jobs out there--some not the best but they exist. Look around at many of the businesses in the valley--HIRING signs. No, this is not the boom economy. Maybe those times are over. We all need to adjust.

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Nick Swedberg

3:14 pm on Thursday, December 22, 2011

Please refrain from aggressive comments toward other users themselves, rather than the debates they engage in or opinions they offer. I am addressing all potential concerns over users and Patch's Terms of Use policy.

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Nora

12:41 am on Friday, December 23, 2011

Angela,

You do realize that the only reason that people are able to collect umemployment is because they were previously employed, thus paying into the system, right? And for your sake, I hope that you never find yourself out work. I finish graduate studies in May and, if I were to get laid off from my first job, I would be ineligible for unemployment because I would have just entered the workforce, despite having paid into the system through my previous jobs. I have no problem letting people that have paid into the system reap the benefits of having done so and, despite what you may think, just because someone is currently unemployed does not mean that they have no skin in the game, nor does it mean they have an "everything for free" mentality.

And "hiring" doesn't mean "will hire anyone." On the job training has ceased to exist - even at 24 years of age I am able to observe this. When I apply for jobs in my field I am expected to have certain skills; I have many of those skills because I am currently pursuing not one but two Master's degrees that teach the most current skills in my field. You decry unemployment and tell people to, essentially, go get a job. How is someone that has worked the same job, possibly for a decade or more, supposed to bring their skill set up to date when they received no on the job training to keep their skills current, and when they have no source of income? Do you genuinely not know a single person that is unemployed?

Angela Kane

2:47 pm on Thursday, December 22, 2011

Wow, too many people who are commenting here must be drinking some weird kool-aid because ANYONE who would support a 2 month extension of an adjustment to withholding is delusional. It's already been determined (by the professionals who do payroll) that it was totally unworkable. Let's not be ridiculous here--this stunt Harry Reid was all about creating political buzz and doing their (now tiring) blame game stuff AGAIN. No one does 2 month budgeting who runs a successful ANYTHING. And yes, let's keep underfunding the Social Security system (DO NOT PAY ANY ATTENTION to that large gaping hole in the system....sure, it'll be okay). Is this perhaps a stunt to take attention away from the fact that the pipeline was included in the Republican 1 year extension? Obama doesn't want it (why would we want to create jobs when he thinks a depressed dependent country will blindly vote for their benefactor) and anyone with an ounce of brains does. Let's cater to the whack job environmentalists and not the people who have already STUDIED THIS TO DEATH AND APPROVED OF IT'S LOCATION.

And all of you who are just salivating at the possibility of Foster being elected--keep him in your district. We don't want him in the 14th. He was a disaster as our representative. And honestly, he doesn't even live in Illinois anymore. Be naive people--it keeps you docile.

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Niel

4:11 pm on Thursday, December 22, 2011

Why would an international corporation want to run oil in a pipeline all the way to the Gulf to refine it? What guarantees are there that American citizens will be hired into jobs for the building of the pipeline? Who is responsible for the cleanup of the pipe line disaster when it leaks? Maybe you know the answers to these questions, do you really think the 11th hour proposal to add this to the year long tax relief plan was in good faith?

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Nick Swedberg

3:10 pm on Thursday, December 22, 2011

All—For more perspective, I suggest reading the Wall Street Journal editorial on the payroll tax holiday:

http://online.wsj.com/article/SB10001424052970204791104577110573867064702.html

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James Parnell

3:36 pm on Thursday, December 22, 2011

This just in! House Republicans agreed to a two month extension of payroll tax reduction bill. Apparently they are, in the words of some commenting on this article, DELUSIONAL!!!!!!

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Rob

5:09 pm on Thursday, December 22, 2011

How can any educated person think the two-month "fix" was correct when unemployment remains way over 8% and unions even supported the pipeline construction project and the "fix" was not capable to implement and even prominent democratic party leaders including the president supported a one year holiday and foriegn oil dependancy remains the same as it was as are gas prices when Obama was sworn in? This was clearly a political stunt by democratic operatives to grab more attention and instill fear into the minds of common Americans for gaining votes while demeaning wealthy people and republicans against the poor. How much more do they think they can dupe us all again? Glad to see republicans stand up on the one year plan and win despite the demonization by the democratic party and

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Lou B.

9:21 am on Saturday, December 24, 2011

Political stunt describes it best, and 2 months to keep the wedge alive during the election season. Obama and Alinsky, one and the same. Cutting funding to Social Security is a crime, not fiscal policy.

Rob

5:15 pm on Thursday, December 22, 2011

Enough partisan politics and move to do whats in our best long term interests! We have a HUGE debt to tackle now at $15 trillion! Get the pipe in and create jobs and bring gas prices down for our sakes! Senate should've picked up the house bill to begin with and voted yes rather than showcase on TV and make us all worry with fearmongering again and again! Sick!

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Angela Kane

3:23 pm on Friday, December 23, 2011

Just a couple points--and not criticizing anyone here but let's just try to demystify this whole subject. Businesses contribute unemployement--individuals do not directly contribute. Check a paystub for further information. And to Nora, who was very pointed in her response to me: I am a huge proponent of education and your pursuit of an advanced degree is admirable, but will it be in a field that will enable employment? Let's be honest here--lots of people might love to pursue further education in philosophy or poetry or other fields, but there isn't much possibility you'll get hired to be a philosopher or poet--so realistically it might be a lot of time and money wasted. I hope for your sake you are in something that will be worthwhile and not frivilous and REALLY hope you are not saddling yourself with huge student debt (and that subject has been talked to death on this site and others).
On the subject of jobs and unemployment--There are people who took their 99 weeks on unemployment without concerns. A reliable source had an former employee who spent a year in a central American country drinking beer and getting a tan while a friend did her "check in" for unemployment. Not bad if you can get it. Is this the norm--ABSOLUTELY NOT. Unfortunately this type of abuse causes strain to a budget under horrible pressure. There are jobs--and attitude has way more to do with getting that job than whether you are over-qualified. Show you really want to work and that it's not a burden.

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chuck carroll

9:39 am on Tuesday, December 27, 2011

Angela, so both of your comments were about possible scenarios. You don’t know that Nora was getting a degree in Poetry but you thought it relevant to suggest she was. And you admit few take their 99 weeks on a Central American beach but again still relevant to your point. Your comments are not worth the bits and bytes they consume.

Angela Kane

3:25 pm on Friday, December 23, 2011

http://www.employeradvocates.com/faq/who_pays_unemployment_taxes.html

Who pays for unemployment benefits?

"Private employers pay a tax to finance the unemployment benefits paid to their former employees. For most employers, this tax rate goes up or down depending upon how much their former workers collect. Some organizations (usually non-profit or government agencies) reimburse the state, dollar for dollar, for any unemployment benefits paid by the state, in lieu of paying the tax."

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Lou B.

9:19 am on Saturday, December 24, 2011

This bill is about allowing workers to not contribute to the funding of Social Security, and seems to me to be financially irresponsible, but then what else is new. Good work Mr. Hultgren, stand strong in the face of politically expedient by fiscally irresponsible ploys.

See Senator Kirk's and a Democrat's financial analysis on Youtube at the link below, and learn how it will diminish further the required funding of Social Security guarentees.

http://www.youtube.com/watch?v=kO3NsV3Hm6k

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