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Sen. Burr: payroll tax cut legislation just another IOU
Written by Mike Raley/David Horn   
Tuesday, 13 December 2011 10:59

(WASHINGTON, D.C.) -- The latest U.S. House Republican plan to extend a Social Security payroll tax cut goes up for a vote on Tuesday. Republican North Carolina Sen. Richard Burr voted against a similar bill. He said the part of the bill dealing with the tax does not make sense.

"I can't think of anything that's probably more stupid that to take a trust fund that currently is not financially sustainable and to say to people don't pay your share in and the federal government will do a smoke and mirrors thing where we put the money in and then we take the money out and we take another IOU," said Burr.

The bill in the House would also force work on a controversial international oil pipeline. The administration and Senate Democrats oppose the pipeline language. President Obama has said he would veto the legislation but it is not likely to make in through the Senate anyway.

Last Updated on Friday, 16 December 2011 00:00
 
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