2011年8月23日星期二

Many Democrats also are ambivalent about Obama's proposed

"We don't need short-term gestures. We need feather extensions for hair long-term fundamental changes in our tax structure and our regulatory structure that people who create jobs can rely on," said Sen. Lamar Alexander, R-Tenn., when asked about the payroll tax matter.

House Majority Leader Eric Cantor, R-Va., "has never believed that this type of temporary tax relief is the best way to grow the economy," said spokesman Brad Dayspring.

The nonpartisan Congressional Budget Office says payroll tax reductions give the economy a short-term boost. But it says the benefit is bigger if employers get the tax break instead of, or along with, workers.

Some top Republicans have taken a wait-and-see approach, expecting the payroll tax issue to be a bargaining chip in the upcoming debt reduction talks.

Neither House Speaker John Boehner, R-Ohio, nor Senate Minority Leader Mitch McConnell, R-Ky., has taken a firm stand on whether to extend the one-year tax cut.

Most GOP presidential candidates also are treading lightly.

Former Massachusetts Gov. Mitt Romney did not flatly rule out an extra year for the payroll tax cut, but he "would prefer to see the payroll tax natural hair extensions cut on the employer side" to spur job growth, his campaign said.

Former House speaker Newt Gingrich said Republicans will fall under increasing pressure to extend the payroll tax cut. If they refuse, he said in a recent speech, "we're going to end up in a position where we're going to raise taxes on the lowest-income Americans the day they go to work."

Many Democrats also are ambivalent about Obama's proposed tax cut extension. They are more focused on protecting social programs from deep spending cuts. Some worry that a multiyear reduction in the tax designated for Social Security could undermine that program's health and stature.

For decades the payroll tax generated more revenue than the Social Security paid out in benefits. The excess was used to fund other government operations. Last year, however, Social Security benefits began outstripping revenue from its designated sources, forcing the program to start tapping its "trust fund" of government obligations.
Powerful Hurricane Irene cut a destructive path through the Caribbean on Monday, raking Puerto Rico with strong winds and rain and then spinning just north of the Dominican Republic on a track that could carry it to the U.S. Southeast as a major storm by the end of the week.

Irene grew into a Category 2 hurricane with winds of Hair Extensions Online 100 m.p.h. as it churned north of the Dominican Republic. The U.S. National Hurricane Center in Miami said it could become a monstrous Category 3 storm by the time it slams into the U.S., possibly landing in South Carolina, Florida or Georgia.
New York City prosecutors asked a judge Monday to dismiss all criminal charges against former International Monetary Fund chief Dominique Strauss-Kahn because they aren't sure beyond a reasonable doubt that the hotel maid who created a cross-continental sensation by accusing him of sexual assault is telling the truth.