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Canada Goose Parka WASHINGTON (Reuters) President Barack Obama signed into law a two month payroll tax cut extension on Friday, capping a year of fierce partisan combat over taxes and spending that will resume in January and play heavily in the 2012 elections. Canada Goose Parka

The Senate and the buy canada goose jacket cheap House of Representatives, by voice votes in chambers nearly emptied for the holidays, passed a $33 billion (21 billion pounds) bill to keep the payroll tax rate at 4.2 percent through February. It had been scheduled to increase on January 1 to 6.2 percent. Obama swiftly signed the bill.

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The temporary fix lets lawmakers lower the curtain, for now, on a year of political deadlock that in the end produced only a series of inconclusive truces. The fiscal policy debate is set to rage straight through the 2012 election season and beyond.

buy canada goose jacket While Congress is on a long winter break now and does not return to full swing until late January, newly appointed negotiators are expected to begin work soon on figuring out how to pay for extending the payroll tax cut through 2012. buy canada goose jacket

canadian goose jacket Republicans have sought a continued freeze on federal worker pay and cuts in Medicare benefits for the wealthy. Democrats have rejected both ideas while proposing a surtax on the wealthy to cover the extension cost. Republicans reject this. canadian goose jacket

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Obama scored a victory in the payroll tax struggle over Tea Party conservatives in the House who tried to block the two month Canada Goose Parka extension. They backed down on Thursday in the face of bipartisan criticism, but they are canada goose black friday sale not going away.

canada goose clearance sale Representative Tim Huelskamp, a first term Republican, said on CNN that he was disappointed with Republican leadership caving in to pressure and accepting the two month deal. canada goose clearance sale

canada goose clearance Next year could be a rough one for Boehner, the top House Republican, said Norm Ornstein, a scholar at uk canada goose the American Enterprise Institute, a conservative think tank. canada goose clearance

Canada Goose sale Boehner spent 2011 having to negotiate with many of his own party members on cheap canada goose uk just about every major piece of legislation. Canada Goose sale

buy canada goose jacket cheap President Obama signs the payroll tax cut extension in the Oval Office of the White House, December 23, 2011. REUTERS/Kevin Lamarque buy canada goose jacket cheap

Now uk canada goose outlet that House Republicans have had to go along with Democrats in the payroll tax debate, idea that this group of angry Tea Party Republicans, who feel canadian goose jacket betrayed, now will go canada goose uk shop along or that Boehner will be more capable Canada Goose Jackets of defying them is a little bit wrong headed, Ornstein said.

Meanwhile, Democrats might be emboldened, believing learned to play poker, he added.

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Canada Goose online Any edge canada goose factory sale conferred buy canada goose jacket on Democrats might be short lived, however. The 2012 election cycle is just set to kick off with the Iowa Republican presidential caucus on January 3 and a long road lies ahead until voters go to the polls in November. Canada Goose online

Canada Goose Jackets The payroll tax funds the Social Security retirement pension system. If it had been allowed to rise, the increase would have hit canada goose uk outlet the wallets of 160 million working Americans. Canada Goose Jackets

The $33 billion needed to pay for the two month extension will be raised by increasing fees charged by housing finance canada goose clearance giants Fannie Mae and Freddie Mac for guaranteeing mortgages.

cheap Canada Goose Analysts said the fee hike, which investors will likely pass along to borrowers, could raise financing costs for mortgages, but probably not enough to slow a housing market recovery cheap Canada Goose.


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