President Obama is refusing to take yes for an answer. House Republicans have rightly acceded to his demand that they keep payroll taxes from rising at the start of the new year. He is nonetheless threatening to veto the bill because it includes other provisions he dislikes.
The Democratic plan to extend a temporary payroll-tax cut pays for it by raising taxes on high earners. The Republican version, just passed by the House, cuts spending instead. The spending cuts include some modest entitlement reforms and a gradual reduction in the maximum term of unemployment benefits from 99 to 59 weeks. The bill also reforms the unemployment-benefit system so that states have more flexibility to control costs and put people back to work. Most notably, the bill pares down onerous EPA regulations, further starves Obamacare of implementation funds, and forces the president into a decision over the stalled Keystone XL pipeline.
Keep reading this post . . .