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VOL. 126 | NO. 239 | Thursday, December 08, 2011

Reid: Senate Not Leaving Till Payroll Tax Cut OK

AP

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WASHINGTON (AP) – Senate Majority Leader Harry Reid says the Senate won't leave town for the Christmas holiday until Congress approves an extension of the payroll tax cut.

The Nevada Democrat and other Senate Democratic leaders used a news conference Wednesday to try raising pressure on Republicans.

Senate Republicans have so far objected to a Democratic plan to extend the tax cut because they oppose tax hikes on millionaires that Democrats would use to pay for it. In the House, GOP leaders say they want to extend the tax cut but have yet to drum up enough support for a bill to do so.

A 2 percent cut in the 6.2 percent payroll tax expires Jan. 1 without congressional action. President Barack Obama wants to increase the reduction to 3.1 percent.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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