Boehner: Extending payroll tax with spending cuts ‘responsible’ [VIDEO]
House Speaker John Boehner told The Daily Caller that extending the payroll tax holiday along with spending cuts is “responsible” and won’t hurt Social Security.
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TheDC asked Boehner if he agreed with Social Security Trustee Charles Blahous, a White House appointee who recently wrote that extending the payroll tax cut could harm the current state of Social Security by moving the program away from a “benefit” earned by worker contributions.
“I do not agree with it, and I believe that offsetting the Social Security tax break for next year, offsetting it with reductions in spending that will be used to transfer to the Social Security Trust Fund, is a responsible way to proceed,” Boehner told TheDC at his weekly press briefing on Thursday.
The White House and congressional leaders are reportedly working on a compromise to keep the government funded past Friday as well as extend the payroll tax cut and unemployment benefits.