Senate And House Pass Payroll Tax Cut Deal
Senate And House Pass Payroll Tax Cut Deal and President Obama has promised to sign the measure into law immediately.
Once again it was a compromise. The Senate and the House of Representatives passed a bipartisan deal Friday, February 17th, 2012, extending the payroll tax cut and unemployment benefits while also avoiding a Medicare fee cut for doctors for the rest of the year.
This one act of congress will raise the deficit by $89 billion over 10 years.
The House approved the bill by a 293-132 margin and bill cleared the Senate in a 60-36 vote.
What Was The Vote
A majority of House Republicans and Democrats voted in favor of the bill.
NO VOTES:91 Republicans and 41 Democrats in the chamber.
Senate Democrats voted overwhelmingly for the bill, while Senate Republicans largely opposed it. That being no big surprise.
Hopefully, this will end debate on the majority of politically sensitive issues, till the end of the election.
For the full story of “Senate And House Pass Payroll Tax Cut Deal,” go to CNN News.
Payroll Tax Cut Deal Explained
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