Congressman Brady On Conference Committee To Resolve Payroll Tax Extension Issues

President Barack Obama is calling on Senate Majority Leader Harry Reid to negotiate a full-year extension of the payroll tax cut that's scheduled to expire in less than two weeks.

A conference committee is charged with resolving differences between the House-passed year-long extension and the Senate-passed two-month extension, as Congressman Kevin Brady explains.

 

"I'm on this conference committee because I believe we ought to extend this for the full year, you know, that we ought to find the spending cuts and the reforms that make sure that we don't dig the deficit deeper. And I'm convinced that if we can get Senate democrats to sit across the table with us, we can get this done."

Brady says he's concerned that the payroll tax cut hasn't provided the economic boost it was supposed to, and it diverts a significant part of social security revenue.  The tax cut is set to expire at the end of December.

 

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Ed Mayberry

Local Anchor, All Things Considered

Ed Mayberry has worked in radio since 1971, with many of those years spent on the rock 'n' roll disc jockey side of the business...