Feb 17, 2012

House approves payroll tax cut extension

"...The House approved the payroll tax cut extension Friday in a 293-132 vote, sending it to the Senate...

Rep. Joe Barton (R-Texas) added today that extending the holiday without an offsetting spending cut would starve Social Security, as the payroll tax funds the Social Security Trust Fund.

"I'm not saying anything disparaging about the leadership on both sides of the aisle and the leadership in both bodies, but we are taking money away from the Social Security Trust Fund and we are substituting an IOU that may or may not ever be repaid," Barton said..."

Read more at thehill.com
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