After weeks of debate by the House-Senate Conference Committee, President Obama signed the payroll tax holiday and temporary “doc fix” into law this week. Other action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the Presidents Day Recess.
Obama Signs Extensions into Law
After a rare bipartisan agreement, President Obama signed a bill into law that will extend the payroll tax break and unemployment benefits, and prevent a 27% pay cut to Medicare physicians. The President signed the measure into law in private on Wednesday, after celebrating the passage of the bill at an event on Tuesday.
At the celebratory event, the President told his audience, “This got done because of you; because you called, you emailed, you tweeted your representatives and you demanded action. You made it clear that you wanted to see some common sense in Washington.”
The compromise extends the tax holiday, unemployment benefits, and Medicare physician payments through the remainder of 2012.
Congress Adjourns for Holiday Recess
Members of the House and Senate spent the week in their home states and districts, and will return to Capitol Hill on Monday, February 27th.
TSCL would like to remind you that now is the perfect time to approach your Members of Congress at local events and request their support for a fair Social Security cost-of-living adjustment (COLA) and for other key issues.
To learn more about important issues affecting seniors, to sign a petition to Congress, or to find contact information or your Members of Congress, please visit the ACTION CENTER of our website.