Thursday, December 22, 2011

President Obama's full statement on Payroll Tax Cut deal

President Obama's statement on Payroll Tax Cut deal in full:

For the past several weeks, I've stated consistently that it was critical that Congress not go home without preventing a tax increase on 160 million working Americans.

Today, I congratulate members of Congress for ending the partisan stalemate by reaching an agreement that meets that test.

Because of this agreement, every working American will keep his or her tax cut – about $1,000 for the average family. That's about $40 in every paycheck. Vital unemployment insurance will continue for millions of Americans who are looking for work.

And when Congress returns, I urge them to keep working to reach an agreement that will extend this tax cut and unemployment insurance for all of 2012 without drama or delay.

This is good news, just in time for the holidays. This is the right thing to do to strengthen our families, grow our economy, and create new jobs.

This is real money that will make a real difference in people's lives. And I want to thank every American who raised your voice to remind folks in this town what this debate was all about.

It was about you. And today, your voices made all the difference.


Maia Dobson said...

This tax cut is going to leave a remarkable change in the lives of Americans. As an employee of small business payroll services company, I know how big a difference it will make to the employee's monthly income.

Eden Parker said...

I agree with you Maia a huge amount of tax is really pain in the ass in terms of payrolls and stuff maybe get a accounting packages so you can manage your salary monthly.