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UPDATE: President Signs Extension of Temporary Payroll Tax Cut

Both House and Senate pass the payroll tax extension for 160 million Americans on Friday.

UPDATE: President Obama signed the temporary extension for a payroll tax cut Friday, according to The Sun Times. Both the House and Senate approved the measure also on Friday.

Congressman Randy Hultgren was one of two Illinois Republicans this week who rejected a proposed payroll tax cut measure backed by President Obama and sent it back for more work.

A spokesman for Hultgren, who represents Congressional District 14, said that the 2-percentage point payroll tax cut extension for two months was "unacceptable" to business leaders, according to the Sun-Times and Associated Press.

Last week, Hultgren voted in favor of the House version of the bill, which called for a one-year extension.

“It is also fully paid for, not with job-crushing tax hikes, but with spending cuts, including a continued salary freeze for Members of Congress," Hultgren said of the House bill in a Dec. 13 statement from his office.

The Senate version called for a two-month extension.

Lou B. December 24, 2011 at 03:19 PM
This bill is about allowing workers to not contribute to the funding of Social Security, and seems to me to be financially irresponsible, but then what else is new. Good work Mr. Hultgren, stand strong in the face of politically expedient by fiscally irresponsible ploys. See Senator Kirk's and a Democrat's financial analysis on Youtube at the link below, and learn how it will diminish further the required funding of Social Security guarentees. http://www.youtube.com/watch?v=kO3NsV3Hm6k
Lou B. December 24, 2011 at 03:21 PM
Political stunt describes it best, and 2 months to keep the wedge alive during the election season. Obama and Alinsky, one and the same. Cutting funding to Social Security is a crime, not fiscal policy.
Lou B. December 24, 2011 at 03:26 PM
Bob - Apparently you're not paying attention, Bill Foster lost, Hultgren won, and Bailout Bill Foster is now planning to run in another district where people don't know him (his only chance at winning reelection frankly). Bob, Jack, DJN.... you guys have real names or are you all one and the same?
Lou B. December 24, 2011 at 03:34 PM
Sandy, are you aware that the reduction is simply a reduction in Social Security funding? I truly wish that you would care for senior citizens and support social programs such as Social Security particularly when the people receiving benefits have already paid their fair share. Reduce taxes (gov't revenue) and increase benefits (gov't spending)... typical liberal (euro socialism) accounting that does not work.
chuck carroll December 27, 2011 at 03:39 PM
Angela, so both of your comments were about possible scenarios. You don’t know that Nora was getting a degree in Poetry but you thought it relevant to suggest she was. And you admit few take their 99 weeks on a Central American beach but again still relevant to your point. Your comments are not worth the bits and bytes they consume.

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