• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / News / Sen. Grassley fears House may reject payroll tax cut extension

Sen. Grassley fears House may reject payroll tax cut extension

December 20, 2011 By Matt Kelley

The U.S. House is expected to vote today on a plan to extend the payroll tax cut and in doing so, may cut short hopes of heading home soon for the holidays.

Iowa Senator Chuck Grassley says he’s hearing reports the House will reject the legislation which won approval in the Senate over the weekend.

“We thought that after we passed it at noon on Saturday, we would be out until we reconvene in January,” Grassley says. “If the House defeats it and sends us to conference, we may have to go back into session and vote on it once again.”

The tax cut expires in 11 days, and Grassley says if the extension fails in the House, many Americans will feel it in their budgets.

Grassley says, “If it doesn’t pass the House today, there’s a chance the payroll tax holiday of two percentage points, which on an average family, that might be close to $1,000 a year more spending money, they may not have that spending money at least starting on January the first.”

The Senate’s plan would extend the tax cut for two months. Some in the House say that’s not long enough and want a full-year extension.

Share this:

  • Facebook
  • Twitter

Filed Under: News, Politics / Govt

Featured Stories

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

Trinity Health aquiring all MercyOne health properties

Field of Dreams site developer wants to bid on state baseball, softball tournaments

Governor gets bill targeting Iowa bars deemed ‘public safety nuisance’

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

T.J. Otzelberger announces staff changes at Iowa State

Iowa State adds transfer guard

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC