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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 This material may not be published, broadcast, rewritten or redistributed.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 70 120 2,570
MORTGAGES 60 112 3,210
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 142 285 5,748
BANKRUPTCIES 39 95 2,041
BUSINESS LICENSES 11 46 963
UTILITY CONNECTIONS 49 141 2,181
MARRIAGE LICENSES 8 30 494

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