Who Will You Blame for Your Smaller Paycheck?

The House and Senate are at odds over extending the payroll tax cut. If the extension doesn't happen, what will come to mind when you get your first check in 2012? Take the Patch Poll.

If your paycheck shrinks on the first payday of 2012, who will you blame?

The House, the Senate and the president are at odds over how to extend the payroll tax cut and for how long. A two-month extension bill passed in the Senate and foundered in the House, where representatives say temporary fixes won't fly and a full-year deal must be forged.

Barack Obama has called Senate Majority Leader Harry Reid and Speaker of the House John Boehner to push for a resolution.

On top of the possible 2 percentage point rise in the payroll tax, unemployment aid will dry up unless Congress acts.

The Southland's congressional reps voted along party lines. Judy Biggert and Adam Kinzinger stuck with John Boehner, while Dan Lipinski, Jesse Jackson Jr. and Bobby Rush voted to extend the tax cut.

Ben Rakowski December 22, 2011 at 12:20 PM
If the President had practiced what he preached and was a capable leader we would not be in the position we are all in. This was all compounded when the Health Care Bill was rammed through by Obama, Pelosi, Reid, Durbin. Obama is not prepared to govern and never was.
Lisa December 22, 2011 at 02:00 PM
It is my understanding that the Republican House passed a FULL yr extension which also included the unemployment compensation issue in it and the Senate Democrats rejected this and passed their 2 month extension. The Senate refuses to do their job! Stop blaming republicans for all the ills - everyone shares in the blame here people!
Gloria December 22, 2011 at 02:49 PM
The bill was left in the House, who do you think is holding up the process? Take your heads out of the sand people, this is your money, the taxpayers money, it is all polictics. Hope you enjoy having less in your check. The Senate passed it, with the help of Republicans I might add, what is the hold up in the House? The Tea Party!
S December 22, 2011 at 03:15 PM
Lisa Z - Your "understanding" is pretty much dead wrong. The Senate passed a two month extension which was supported by both Dem and Rep members of the Senate. The two month extension was intended to prevent the cuts from ending while a longer term solution was worked out. The bill was sent to the House for approval and they have refused to hold a vote on it demanding that it extend the cuts for a full year...this holdup is strictly due to the Tea Party.
Timothy J Clark December 22, 2011 at 03:18 PM
I love uniformed opinions from the left. The House passed a one year extension, which is what the president wanted. The Senate, lead by the traitor Reid, rejected the bill, passed a 60 day extension, then recessed for the holidays, violating the Constitution when requires a conference committee to resolve the differences in bill between the two bodies of congress. The Senate Democrats are playing the worst kind of politics, not the GOP lead house.
Timothy J Clark December 22, 2011 at 03:23 PM
Shaun, before you start blathering partisan rhetoric check your facts, the house passed a one year extension on December 13, 2011. http://www.statesman.com/news/nation/house-passes-extension-of-payroll-tax-cut-2030848.html
Roger Norkus December 22, 2011 at 03:24 PM
The United States is broke...Social Security is going broke ..How can we lower withholding taxes? 47% of the people are getting some public aid...Keep buying Chinese products, when they take over we won't have to worry about the US obese problem anymore..
Gloria December 22, 2011 at 05:41 PM
Roger, your idea about buy American is what we needed for this holiday season. Did you pick one thing this year that was not made in China? I did and and I found it at Wal Mart. My question to you is, why is Social Security going broke?? Where did the money go?? Is it being used for something other then taking care of those that worked all their lives and paid into the system? If you have the answer, let us all know, we can forward it on to the Administration so that they can clear up what they have screwed up. Is the fact that the Dems want to take more money out of the checks of the well to do? Are they showing us they can take away from the Middle Class once again, Bah Hum Bug
John December 22, 2011 at 05:46 PM
I will blame my employer. No raise this year to cover the cost of living increases...
Juvenal December 22, 2011 at 07:23 PM
The senate went home and left a "take it or leave it" two month stopgap with unprecedented requirements that will tie most employers' payroll accounting systems in knots
BlackHawks Fan December 22, 2011 at 09:50 PM
Juvenal ~ How is it going to "tie most employers' payroll accounting systems in knots?" Most all employers use an accounting software that automatically changes with each change from the state and fed.
BlackHawks Fan December 22, 2011 at 09:59 PM
Boehner and his cronies passed a bill that they knew was doomed from the beginning. Tea Party politics as usual!!!
BlackHawks Fan December 22, 2011 at 10:08 PM
Obama Wins: House GOP Caves On Payroll Tax Cut Extension. http://www.politicususa.com/en/obama-wins-payroll-tax
OL Resident December 22, 2011 at 10:42 PM
We are broke because: 1 We spent too much money looking for WMD instead of the person who was responsible for 911. If 911 never happened would we have gone to war in Iraq? Would we replace NATO looking for WMD? Not a chance. The UK paid off its WW II debt to us this year. That war lasted 6 years for them. We will pay for this long after the baby boomers are gone. Tell me Iraq was money well spent. 2. Fannie Mae and Freddie Mac. Anybody remember this? B of A and Bear Sterns approved loans to people who never should have qualified for a home loan/refi. The Chairman of the Fed was a forme Bear Sterns CEO. What happend two months before the presidential election? An entire global economy was on a suicide watch. I wonder who the Chairman of the Fed is appointed by? How would a former Banking CEO register to vote if he were to be appointed by GW to be his Fed Chair? Yep that was the Dems fault for bailing out the banks instead of letting every business with a business loan go into default. Think watching goods made in China hurts, try working for a Communist government. The Dems are at fault for bailing out banks and auto makers. At fault for extending unemployment and offering healthcare to people who have no insurance as they struggle to find a new beginning. At fault for not fixing the economy. There was a war on. MAKE ALL POLITICIANS PAY INTO SS; PAY FOR THEIR HEALTHCARE AND LIFE SAVING PERSCRIPTIONS THAT ARE NOT MEDICARE ELIGABLE. WE NEED TERM LIMITS
BlackHawks Fan December 22, 2011 at 11:04 PM
There are way too many inaccuracies in your comment to even begin to try and figure out what you are talking about. 1. Bear Sterns did not lend any money to home owners. They made a huge bet on sub-prime mortgages and lost. 2. What Fed reserve chairman was a CEO at Bear Sterns? 3. Both parties bailed out the banks which at the time was a necessity. Believe me when I tell you I am not sticking up for the banks and investment firms. Some of them came close to unraveling the whole system.
Gloria December 22, 2011 at 11:08 PM
OL Resident December 23, 2011 at 02:46 AM
BlackHawk, 1. Bear Stearns was the 5th largest investment bank. Maria Bartiromo reported on CNBC that Bear Stearns was sold to (then) Chase Morgan for $2 a share becasue its real estate holdings were "toxic" 2. The Fed chairman was/is Ben Bernanke. I had a Perry moment and should have wrote Henry Paulsen (the U S Treasury Secretary) appointed by GW. Paulson at the time was CEO of Goldman Sachs and NOT Bear Stearns CEO. For this I am wrong and wish to withdraw my name as a presidential candidate. In 2004, as CEO of Goldman/Sachs (and along with the CEO's of Bear Stearns, Lehman Brothers, Merrill Lynch and Morgan Stanley) Paulson successfully lobbied the SEC to de-regulate the major broker/ dealer holdings with the Net Capital Rule. April 2007 Paulson call the housing crisis "at or near the bottom" and the economy as "robust" In May,2008 WSJ reports Paulson states "The worst is behind us". In July 2008 reported: "This is a manageable situation". On August 10, 2008 interviewd on Meet The Press, Paulsen stated he had no plans to inject funds to Fannie and Freddie....that lasted 27 days. Cracks in the housing market began to appear in reports in 2006. This is the sub-prime mortage crisis. This was the first time I heard the term UPSIDE DOWN MORTAGE. This all started on GWs watch and BO's too slow to fix it. I feel like GW fumbled the ball by pushing for less regs to make homeownership affordable to everyone. BO cant seem to recover the loose ball.
BlackHawks Fan December 23, 2011 at 03:41 AM
I applaud your effort to clarify your inaccuracies and that you withdraw from the election of the POTUS!!!
Juvenal December 23, 2011 at 03:55 AM
<<Republicans also insisted on tweaking the Senate bill to remove a provision they thought burdened businesses. The Senate bill had limited workers to getting the tax break on only the first $18,350 of their wages so that people with a higher salary wouldn't get a larger break over the two months.Under the new agreement, that wage limit would be initially lifted, but workers who earned more than $18,350 over two months would have to return part of the tax relief on their 2012 tax return if no year-long deal is reached>> Try plugging THAT into your Quickbooks!!!!
BlackHawks Fan December 23, 2011 at 04:14 AM
You obviously don't understand the software capabilities of Quickbooks, TurboTax or any other financial software. So debating this with you is futile at best!!!
Juvenal December 23, 2011 at 04:04 PM
To begin with, what even minimally rational government enacts payroll-tax relief for just two months? As a matter of practicality alone, it makes no sense. The National Payroll Reporting Consortium, representing those who process paychecks, said of the two-month extension passed by the Senate just days before the new year: “There is insufficient lead time to accommodate the proposal,” because “many payroll systems are not likely to be able to make such a substantial programming change before January or even February,” thereby “creat[ing] substantial problems, confusion and costs.” The final compromise appears to tweak this a bit to make it less onerous for small business. But what were they thinking in the first place? What business operates two months at a time? The minimal time horizon for business is the quarter — three months. What genius came up with two? U.S. businesses would have to budget for two-thirds of a one-quarter tax-holiday extension. As if this government has not already heaped enough regulatory impediments and mindless uncertainties upon business.
BlackHawks Fan December 23, 2011 at 05:14 PM
For those of you that want to read the rest of the article Juvenal copied!!! http://www.washingtonpost.com/opinions/the-gops-payroll-tax-debacle/2011/12/22/gIQAUjgPCP_story.html I actually think the payroll tax holiday is not a good idea at all, but with that said I also believe that it was forced into action because of the Bush Tax cuts. If the Dems didn't fold on that issue this new payroll tax cut probably would not have to happen.
Gloria December 23, 2011 at 05:15 PM
It passed, get over it and it will be taken up again after the holiday. Scrooge did not win this time.
BlackHawks Fan December 23, 2011 at 05:22 PM
I don't think Scrooge is going to win after the holidays either!!!
OakLawnGuy December 23, 2011 at 05:46 PM
This is still bass ackwards. The tax cut is being taken....er, borrowed....from Social Security. You can trace its origins back to GW Bush. Borrowing from Peter to pay Paul for political reasons. I blame every politician involved in what started as the Obama Administration and has turned instead into a 4-year long campaign for the Presidency, 2012. Yeah, both sides of the fence.


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