Obama Accepted a move by Senate Democrats to scale back his Social Security payroll tax cut

Obama Social Security Payroll

President Barack Obama accepted by Senate Democrats to move to scale back Social Security payroll tax cut His extension on Thursday, then prodded Republicans to support it in Despi requirement for the very wealthy to pay more taxes.

Obama Also Called on lawmakers to renew a program of Extended Unemployment benefits expire on Dec. 31 to two. He said the checks, which effectively kick in after six months of joblessness, are “The Last Line of Defense Between hardship and catastrophe” for some victims of the recession and painfully slow in recovery.

The president made remarks at the White House His as Republicans and Democrats in Congress said in holiday-season package was beginning to come into focus That Could Cost $ 180 billion or more over a decade. Elements includes not only the payroll tax cut and renewals Unemployment benefits, but Also a provision to avert a 27 percent reduction in the Threatened fees to doctors who treat Medicare Patients.

While there are Differences over the details of the three principal components – many Republicans are reluctant to extend the tax cut – there is at least as much disagreement Among senior lawmakers in the two political parties over ways to cover the deficits do not know cost laughed .

House Republicans are drafting Legislation to extend an existing pay freeze for federal workers as partial payment for the tax cut and Unemployment benefits. Other cost-savers are expected to include Obama’s Proposal to advanced discussed earlier this year to raise pension costs for federal employees, Officials said. The bill May Also includes another presidential recommendation, this one for a surcharge on Medigap policies Purchased by future Medicare recipients.

Officials said the two offsets That to-year, $ 38 billion price tag of the Medicare provision, House Republicans want to cut funds from the year-old health care Legislation That stands as Obama’s signature domestic policy accomplishment. Some Democrats want to count instead approved but unspent defense funds for the wars in Iraq and Afghanistan – many GOP lawmakers to Proposal That deem an accounting gimmick.

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