- House plan gives
#40dollars payroll tax holiday for 52 weeks, $1000. Senate for 8 weeks, $166. No comparison.
I was going to do a Top 10 list but this one was repeated so many times that I'd rather focus on this one. Obama's original plan, in the American Jobs Act, was to increase the cut from 4.2% to 6.2% for a year. House GOP voted it down. Then the Senate Dems removed it from the American Jobs Act and wanted to pass it as a stand alone law. House GOP voted it down. Then they had to do something quickly or the cut would expire. They needed a GOP deal to get it passed in the House. 50 Senate Dems and 39 Senate GOP passed a compromise where they were able to agree on enough funding to pay for 2 months. This would give them more time to come back and find more money they could agree on. House GOP voted it down. The head Republican in the Senate gave it the thumbs up but the House GOP wouldn't vote on it even though it would mean a massive tax hike next year. That is what really happened. People need to get the story straight.