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VOL. 126 | NO. 239 | Thursday, December 8, 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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 57 1,266
MORTGAGES 48 48 964
FORECLOSURE NOTICES 11 11 162
BUILDING PERMITS 87 87 2,838
BANKRUPTCIES 34 34 652
BUSINESS LICENSES 10 10 286
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0