House GOP Goes Big on Tax Extension Bill

House GOP Goes Big on Tax Extension Bill

Today, U.S. House Republicans introduced their own payroll tax cut legislation for 2012.  It is sure to create clashes with U.S. House and Senate Democrats as it includes changes to the unemployment benefits program and expedites the Keystone XL pipeline from Canada.  According to a Bloomberg Businessweek article, Republicans would by for the $202.4 billion by “…extending a pay freeze for civilian federal employees, selling portions of the wireless spectrum and limiting tax credits that can be claimed by illegal immigrants.”

The article goes on to quote U.S. Representative Dave Camp, a Republican from Michigan who chairs the U.S. House Ways and Means Committee, saying, “This package includes many of the president’s own ideas.  With its passage, Americans can be confident that these programs and provisions will be available next year, that they will not result in decades of debt and that they will be paid for with fiscally responsible reforms, not job-killing tax hikes.”

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