Quote:
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
Isn't that basically what O'bama has now done with this $40 payroll tax reduction.... He seems like he's positioning himself now to win..  |
Maybe it wasn't so much about the payroll tax reduction--the House bill would have extended it for a full year. The Senate bill that he favored only extended it for two months. But the House bill also required a decision on the oil pipe line from Canada in 60 days instead of a year, which would lose points for him from his environmentalist constituents. So, yeah, you're right, getting the Senate bill, which he wanted, rather than the House bill, makes him look strong, like a winner, giving him a bit of cred to win. But it's a loser for those who want the tax reduction to be more secure. It's interesting that Obama said that passing the bill would save a family with about $50,000/yr income about $1000. Actually, the House bill, which he didn't want, would do that, since it extended the tax reduction for a year. The Senate bill that passed with his approval and support, only saves that family $160 for the two months that the reduction would last.