Tax and Appropriations

Politico: Payroll Tax Cut Splinters GOP

Wanted to be sure you saw this Politico article today highlighting Republican division over extending middle class tax cuts. One would think that they had learned their lesson after walking away from 160 million Americans in December, but apparently not. With less than a month to take action, it looks like Republicans are willing to put middle class tax cuts at risk once again:

GOP Conferees Focused On the Wrong Priorities

There’s less than a month to go until middle class tax cuts expire, and you’d think Republicans would be feeling the heat to get something done. But what did they discuss at today’s conference meeting?

“‘It is very, very difficult for anybody to try to comply with the confusing regulations that are coming out of this Environmental Protection Agency,’ said Sen. John Barrasso (R-Wyo.). ‘To me, this is an economy-wide issue.’”

As Payroll Negotiations Begin, GOP Once Again Choosing Confrontation Over Compromise

With millions of Americans still out of work and American families facing a tax increase if the payroll tax cut is not extended this month, it appears Republican conferees are focused on two controversial details: GED’s and drug testing.

As Politico reports, conferees on the Payroll bill met for the second time today, with precious few days left to reach a compromise and the GOP firmly dug in on unreasonable policy provisions:

Hoyer: Conference Report for Appropriations Bills Shows Congress Can Work Together

For Immediate Release:

November 17, 2011

Contact:

Katie Grant, 202-225-3130

Office of the Democratic Whip Steny H. Hoyer
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GOP Majority By the Numbers: A Look at GOP Inaction On Jobs, Growing the Economy

For Immediate Release:

November 4, 2011

Contact:

Katie GrantDaniel Reilly, 202-225-3130

Office of the Democratic Whip Steny H. Hoyer

Fact Checking the GOP: Largest Tax Increase in Modern History Was Under President Reagan, Not President Obama

Republicans are already claiming the President’s deficit reduction plan is the largest tax increase in history. But unfortunately for them, the facts don’t back them up. Drawing straight from their source, here are the facts:   
  • The Treasury Department working paper they’ve referenced compares the first four years of tax changes.

Hoyer Floor Statement on Republican Efforts to Weaken Consumer Financial Protection Bureau

For Immediate Release:

July 21, 2011

Contact:

Katie Grant, 202-225-3130

Office of the Democratic Whip Steny H. Hoyer
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Bernanke: Don't cut too fast

From the Democratic Whip Press Shop:

Today, Federal Reserve Chairman Ben Bernanke warned against undermining our economic recovery by drastically cutting spending too quickly. Democrats agree with Republicans that we must reduce spending but we also have to ensure that spending cuts don’t harm the economy and impede job creation.