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Government shutdown fear hijacks US payroll tax row | |
(about 14 hours later) | |
The threat of a US government shutdown is looming for the third time in 2011 amid division in Congress over how to resolve a payroll tax cut dispute. | |
Funding for federal programmes expires at the end of the week, but Democrats insist they will not pass a funding bill without solving the tax impasse. | |
Democrats, who control the Senate, have dropped demands to fund the renewed tax cut with a surcharge on millionaires. | |
But they object to Republicans linking the tax to an oil pipeline project. | |
Republicans want the government to approve the Keystone XL pipeline linking Canada with the US Gulf Coast. They say it will create jobs and boost US trade. | |
The Obama administration has ordered an environmental review of that project, with results not expected until 2013. | |
'Partisan charade' | |
The payroll tax cut is due to expire at the end of December, with the White House estimating that taxes would rise for about 160 million Americans if it is not renewed. | |
The administration says a family earning $50,000 (£32,000) would pay $1,000 more in payroll taxes next year if Congress does not act. | |
President Obama has been vocal about the tax issue in recent weeks, challenging Republicans who espouse a low-tax philosophy to agree with his policy. | |
But while the two parties have agreed over the need to renew the tax break, they have differed over how to pay for it. | |
Republicans have proposed cutting benefits while Democrats called for a surtax on those Americans earning over $1m (£600,000). That demand appeared to have been dropped on Wednesday. | |
But while many observers - and congressman - insist that a tax deal will inevitably be reached, Democrats have now linked the issue to the latest deadline for renewing federal funding. | |
The Senate majority leader, Democrat Harry Reid, said on Wednesday that the tax issue should be resolved before any vote on a spending bill. | |
"The sooner we put this useless partisan charade behind us, the sooner we can negotiate a true bipartisan solution that protects middle-class workers," Mr Reid said. | "The sooner we put this useless partisan charade behind us, the sooner we can negotiate a true bipartisan solution that protects middle-class workers," Mr Reid said. |
But Senate Minority Leader Mitch McConnell, a Republican, said his opponent had his priorities wrong: "We ought to finish our most immediate concern first." | |
Stop-gap | |
The looming deadline is the third time in 2011 that Congress has come close to failing to approve new funds to keep the government running. | The looming deadline is the third time in 2011 that Congress has come close to failing to approve new funds to keep the government running. |
The administration formally alerted government employees to the prospect of a shutdown on Wednesday, the Washington Post reported. | |
And the White House indicated that it would prefer Congress pass a continuing resolution - essentially a short-term measure approving stop-gap funding - that would fund the government for a defined period of time. | |
That solution, enacted several times already this year, would avoid a shutdown but force Congress to address the issue once again in 2012. | |