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India On Media |
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| Politics
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| Obama gets payroll tax extension |
| Obama gets payroll tax extension as Christmas gift
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| UNITED STATES OF AMERICA
, 24-December-2011
7:40:57 AM |
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Ahead of Christmas, President Barack Obama achieved a major political victory today when the US Congress voted to extend a payroll tax holiday for 160 million Americans after Republicans in the House of Representatives caved in to intense pressure.
After coming in for heavy criticism for holding the extension, Republicans made a turnaround in the House after the Senate passed the bill first.
The vote ended a weeks-long partisan stand off and the extension, for two months, came just days before a deadline to keep 160 million workers from seeing smaller paychecks after the new year.
Welcoming the deal reached by congressional leaders earlier, Obama said it was a victory for weary Americans as they prepared for Christmas.
"This is good news, just in time for the holidays. This is the right thing to do to strengthen our families, grow our economy, and create new jobs," he said in a statement.
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