Washington: US President Barack Obama urged Congress to approve the extension of payroll tax cut and the jobless benefits for the long-term unemployed to improve economy.
He was said this in a White House press conference held one day after the administration unveiled its 3.8-trillion-dollar budget for the 2013 fiscal year.
Obama said that Washington should not hike taxes on working Americans right now,” he said.
“We’re still fighting our way back from the worst economic crisis in our lifetimes, and we’ve still got a lot of work to do and a long way to go,” Obama added.
The so-called payroll tax cut boosted the average family’s income by about a thousand dollars last year. But the measure expires at the end of this month unless Congress acts.
Obama noted that he has seen signs of progress in Congress on this issue, but cautioned that no compromise could be taken for granted in Washington until his signature was on a bill.
With public approval rating for Congress at a record low, House Speaker John Boehner and his top GOP lieutenants announced Monday that they would not insist that the cost of the payroll tax cut extension be offset with spending cuts elsewhere, in a bid to outmaneuver rival Democrats.
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