Topic: U.S. Democratic Party

Senate defeats competing payroll tax cut bills

WASHINGTON (Reuters) - The Senate on Thursday defeated competing payroll tax cut extension plans by Democrats and Republicans, clearing the way for negotiations on compromise legislation that could boost the economy next year.In late-night votes, the Senate, as expected, defeated a Democratic ...

Obama: "Massive blow" to economy if tax cuts lapse

SCRANTON, Pennsylvania (Reuters) - President Barack Obama warned on Wednesday that the U.S. economy would suffer a "massive blow" if Congress fails to extend expiring payroll tax cuts, saying the country was not fully recovered from the recession.Obama sought to turn up ...

Senate Republicans offer tax-cut renewal plan

WASHINGTON (Reuters) - A pay freeze for federal workers would be extended for another three years as part of a Senate Republican plan offered on Wednesday to cover the cost of President Barack Obama's call to extend a popular payroll tax cut.The ...
Economists are warning US growth could stall and the United States could even tip back into recession if Congress fails to extend tax cuts and unemployment benefits before the end of the year.It seems like round 12 of the tax and spending ...

Economists warn of recession without US tax deal

Economists are warning US growth could stall and the United States could even tip back into recession if Congress fails to extend tax cuts and unemployment benefits before the end of the year.It seems like round 12 of the tax and spending ...

Republicans back payroll tax cut extension

WASHINGTON (Reuters) - Republicans in Congress on Tuesday threw their support behind a payroll tax cut extension, trying to blunt charges ahead of 2012 elections of favoring wealthy Americans over middle-class workers.Until Tuesday, Republicans had been lukewarm on extending President Barack Obama's ...

Democrats, Republicans trade blows on tax cuts

WASHINGTON (Reuters) - Democrats and Republicans in Congress on Monday exchanged their first blows in a battle over extending a payroll tax cut for workers, the latest in a series of polarizing fights that has worried investors.Democratic Senate Majority Leader Harry Reid ...

Republicans to reconfigure budget cuts: lawmaker

WASHINGTON (Reuters) - Republicans will try to spare defense programs by reconfiguring the $1.2 trillion in spending cuts that are to be triggered starting in 2013 by the collapse of a congressional deficit-cutting committee, a leading Republican senator said on Sunday."I think ...

Lawmakers still see chance for deficit-cut deal

WASHINGTON (Reuters) - Republicans will try to spare defense programs by reconfiguring the $1.2 trillion in spending cuts that are to be triggered in starting in 2013 by the collapse of a congressional deficit-cutting committee, a leading Republican senator said on Sunday."I ...

Obama urges Congress to save payroll tax cut

MANCHESTER, New Hampshire (Reuters) - President Barack Obama on Tuesday challenged Congress to vote next week to preserve an expiring payroll tax cut, a day after lawmakers failed to agree on a way to control the ballooning federal deficit.Obama shifted into campaign ...