House GOP Blinks on Social Security Tax Cut Standoff
House Republicans backed by ten freshmen rejected a Senate deal to extend the payroll tax cuts and jobless benefits, sparking a year end showdown. The reversal left Obama positioned as tax cutter and exposed strains within the GOP as Senate leaders feared losses in 2012 elections. Endgame saw Boehner and Cantor under pressure while Reid and Democrats pressed for a paid-for extension and pipeline veto.
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Washington
House
Kevin Brady
Texas
Senate
Barack Obama
Newt Gingrich
Obama
Wall Street Journal
GOP
Ronald Reagan
White House
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House Republicans
Senate Gop
Mitch McConnell
John Boehner
Kentucky
Louie Gohmert
Harry Reid
Canada
Congress
Boehner
McConnell
Cantor
Joe Biden
Des Moines Register
Biden
Romney
Massachusetts
New Hampshire
Economic inequality a campaign issue in 2012 race
Obama and Romney frame the 2012 campaign around middle class woes and a growing wealth gap highlighted by Occupy Wall Street. Obama pitches tax fairness and opportunity while Romney resists branding, with polls showing cautious support for inequality as a political lever amid a sluggish economy.
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Washington
Barack Obama
Wall Street
Obama
Massachusetts
Mitt Romney
Washington Post
Romney
Congressional Budget Office
John Sides
George Washington University
Sides
Osawatomie
Kan
Theodore Roosevelt
America
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Eric Cantor
Sean Duffy
R-Wis
Reid
Dea
New York Council
Ydanis Rodriguez
Duarte Park
New York