So, I get the hinge. The Democrats in the Senate won a vote to extend the payroll tax cut for 2 months. The House GOP doesn’t like that bill and wants to vote on one of their own. They want the tax cut to be longer than 2 months, more like a year:
The fourth-ranking House Republican argued Tuesday that a two-month extension of the payroll tax cut “would do more harm than good.”
Now, in so far as we can reduce the tax burden for a s long as we can, I resonate with the good Mr. Hensarling, Rep from Texas. What I don’t understand however, is why even such a relatively short extension of a year is thought to be THAT much better. If you’re gonna end the tax, end the tax. A temporary reduction is just as random and unpredictable if it’s 2 months or 12.
I’m a little disappointed in both parties over this one.