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(Reuters) - Democratic and Republican lawmakers skirmished on Friday over plans to extend a payroll tax cut seen as crucial to a fragile U.S. economic recovery, but aides predicted a last-minute deal.
By Thomas Ferraro and Roberta Rampton
Tax fight brawl heads toward expected deal: aides
Seeded on Sat Dec 10, 2011 10:32 AM EST
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The measure would be funded largely by extending a pay freeze on federal workers. It includes a provision to speed up development of the Canada-to-Texas Keystone XL oil pipeline project, despite President Barack Obama's threat to veto any Republican effort to link the two issues.
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#1 - Sat Dec 10, 2011 10:34 AM ESTPar4TheCourse
Of course there will be a deal
It is politically expedient and necessary for both parties that these benefits be extended in an election year and they will be
Each side will give on what they have asserted that is not a point of a discussion and there will be an agreement where each side gives a little and gets a little and the legislation is passed.
The option of trimming the UEI benefits back from 99 to 59 weeks (cited in the article) is a little surprising but that alone could garner a lot of support in getting a compromise bill put together. It will also be interesting to see if there is a message from the unions concerning the inclusion of the Keystone Pipeline approval in the deal, since it would create thousands of union construction jobs.
It will be an interesting week coming up as this is discussed and finalized.
Thanks for hte article.
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