Best Growth Stock – U.S. President Barack Obama, said he was “very satisfied” extension after approved by the Senate to cut payroll taxes for two months, since expired at the end of the year.
Obama confessed to hope that Congress will extend further to achieve cut payroll tax, not to put more pressure on the American middle class.
“While this agreement is for two months, I have hope … In fact, it is unforgivable that Congress did not extend this tax cut middle class to the rest of the year,” Obama said in a statement to the press the White House.
The U.S. president said that an average family to pay thousands of dollars more in taxes can be assumed to have enough food or not.
“It should be a formality, and I hope to be approved with as little drama as possible when they (the senators) back in January,” he added.
The measure, pending approval of the House next week, contains a provision requiring the Republicans to the White House approved the construction of a pipeline from Canada to the Gulf of Mexico, which promises thousands of jobs.
This agreement is a temporary solution so that workers can enjoy a discount of two percent on the payroll deductions, one of the workhorses of President Barack Obama, who considers this basic savings to support the American middle class .
Despite this extension, differences remain on how to finance tax cuts and benefits throughout the year 2012, as Republicans refuse to raise taxes is made for people with annual revenues of over one million dollars.
In addition, the Republican opposition has made the Democrats to accept a provision to the law for the government to expedite its decision on the future of the Keystone XL pipeline.
Obama has repeatedly opposed tax cuts that are conditional to the rapid adoption of the Keystone XL pipeline project between Canada and Texas, as it should review the environmental impact of the project.
Category: Business News