Dec 21, 2011 - 2:00 p.m.- President Works with Speaker John Boehner and Majority Leader Harry Reid to Get at Least Two Month Tax Extension Passed
Wednesday, December 21, 2011 9:26 AM
Dec 21, 2011 - According to the White House, President Barach Obama made separate calls this morning to Speaker Boehner and Leader Reid, urging action on the tax cut and extention of unemployment benefits immediately.
In his call to Speaker Boehner, the President reiterated the need and his commitment to work with Congress to extend the payroll tax cut for the entire year, but also the fact that the short-term bipartisan compromise passed by almost the entire Senate is the only option to ensure that middle class families aren't hit with a tax hike in 10 days and which Republicans and Democrats - both sides - the time needed to work out a full year solution. He would support the two-month position of the Senate, if necessary.
The President urged the Speaker to take up the bipartisan compromise passed in the Senate with overwhelming Democratic and Republican support that would prevent 160 million working Americans from being hit with a holiday tax hike on January 1st.
The President also spoke with Leader Reid and again applauded him for the work he conducted with Minority Leader McConnell to achieve a successful bipartisan compromise that passed overwhelmingly in the Senate on Saturday, and Senator Reid reaffirmed his commitment to secure a bipartisan year-long tax cut after the House passes the two month extension.
The President urged the Speaker to allow a vote on the one compromise that Democrats and Republicans passed together to give the American people the assurance they need during this holiday season that they won't see a significant tax hike in just 10 days.