Payroll Tax- Budget
Pete Kasperowicz reported on Friday at The Hill’s Floor Action Blog that, “All the partisan rhetoric leading up to the November elections is masking a surprising new trend — bilateral cooperation.”
After noting that two bills passed last week (the STOCK Act in the Senate, and long-term FAA funding in the House), the article indicated that, “The House and Senate have a chance to keep up this small bipartisan streak in the next few weeks, when some agreement will be needed to extend the payroll tax cut holiday. Yes, Republicans still want to pay for that extension with spending cuts, and yes, Democrats still want to pay for it through a tax hike on the wealthy.
“But House Republicans in particular will be looking to avoid the optics of last December, when they pushed unsuccessfully for a tougher extension but lost the public relations battle against Senate Democrats. House Majority Leader Eric Cantor (R-Va.) said Friday that he’s hoping for a deal in an ‘expeditious manner,’ a sign that compromise may still be in the air.”