Topic: U.S. Democratic Party

Top Republican predicts House will kill 2-month tax

WASHINGTON (Reuters) - The top Republican lawmaker on Monday effectively killed a short-term tax break and called on lawmakers to negotiate a full year payroll tax cut extension for 160 million U.S. workers."The idea that tax policy can be done two months ...

Divided lawmakers muster modest tax deal

WASHINGTON (Reuters) - Deeply divided U.S. lawmakers on Friday eked out an agreement to extend payroll tax cuts for just two months, and only after Democrats bowed to Republican demands on a controversial oil pipeline.The deal, which still needs approval of the ...

Keystone pipeline looms large in U.S. tax-cut talks

WASHINGTON (Reuters) - Lawmakers intensified efforts on Friday to extend payroll tax relief for Americans, and it appeared likely that language to speed approval of a controversial oil pipeline might be part of a deal.With Senate leaders huddling in offices near the ...
US congressional leaders struck a $1 trillion funding deal to avert a pre-Christmas government shutdown, as talks between Democrats and Republicans for once defused a bitter confrontation.Negotiators were also considering an extension of a payroll tax cut demanded by President Barack Obama ...

US lawmakers race clock as shutdown looms

The White House and lawmakers held frantic talks to ease a pre-Christmas standoff Thursday, seeking to avoid a government shutdown which would deepen the American public's disdain for its leaders.After a day of vitriol on Wednesday, President Barack Obama's Democrats and his ...

Lawmakers scramble as government shutdown looms

WASHINGTON (Reuters) - Lawmakers, urged on by President Barack Obama, raced against the clock on Thursday to keep the government funded beyond Friday and extend a worker tax cut and jobless benefits.Republicans and Democrats appeared to be backing away from a high-stakes ...

Congress pushes for budget, payroll tax deals

WASHINGTON (Reuters) - The Congress, facing end-of-year deadline pressures and an unhappy electorate, rushed on Thursday to find compromises on legislation to keep the federal government functioning through 2012 and extend a payroll tax cut for 160 million Americans.After weeks of stuck ...
The White House asked Congress to pass a temporary spending measure to head off the prospect of a government shutdown as a bitter pre-Christmas standoff escalated with Republicans.The vast functions of the US government will creak to a halt unless a new ...

Democrats mull dropping millionaire surtax

WASHINGTON (Reuters) - President Barack Obama and fellow Democrats on Wednesday signaled a willingness to drop a proposed surtax on millionaires, but remained at odds with Republicans in efforts to extend an expiring payroll tax cut for 160 million Americans.Obama discussed abandoning ...

Democrats weigh dropping millionaire tax proposal

WASHINGTON (Reuters) - President Barack Obama and fellow Democrats are considering dropping a surtax on millionaires to pay for a payroll tax cut for U.S. workers, a move that would remove a major stumbling block to a compromise deal with Republicans.Obama discussed ...