Dod Authorization Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Senate. >> [inaudible] >> the senate voted to give the american people a $166 tax cut. we voted to giver the american people a $1,000 tax cut. we are going to insist on doing this the right way. >> they have been working on this for weeks and haven't been able to come to an agreement. what makes you think you can do that between now and new year. >> we have not been working on this for weeks. i told the senate leaders that there would be no negotiations with the house until such time as the senate passed the bill. i meant what i said. and when they were getting ready to pass this and somebody ...

>> they want to extend the tax cut and unemployment insurance through 2012. but a faction of republicans in the house are refusing to even vote on the senate bill. a bill that cuts taxes for 160 million americans. because of their refusal to cooperate eight all those americans could face a tax hike in just 11 days, and millions of americans out there looking for work could find their unemployment insurance expired. let's be clear. these bipartisan compromise reached saturday is the only viable way to prevent a tax hike on january 1. it's the only one. all of the leaders in congress, democrats ...

Americans may not even get the tax credit. so today we have voted to go to a formal conference to resolve the differences between the two bills. this is a system that our founders gave us, it's as old as our nation and as clear as the constitution. our house gop negotiators are here and ready to work with our counterparts in the senate to resolve the differences as quickly as possible. our negotiators are kevin brady, david kemp. tom price, tom reid, fred upton and gregg wolf. now it's up to the president to show real leadership. he said that he won't leave town for the holidays until this bil...

Taken to the podium to give us the house response. we'll be back with you in just a second. >> the president and leaders of both houses of congress have called for a year-long extension of the payroll tax credit. the house has passed a bill that would do just that. it would extend and reform unemployment insurance, protect social security, and create jobs. we are proud of the bill that we passed. the house passed it with bipartisan support. we also understand the senate passed a different bill. we oppose that bill because the two-month extension will create more uncertainty for job creators in...

Back into session and move to go to conference and sit down and resolve this bill as quickly as possible. i sent a letter to the president today asking him to do just this. we have done our work for the american people. now it's up to the president and democrats in the senate to do their job as well. without w that i will take a couple of questions. >> senate democrats said they are not coming back. does this mean tax cuts are going to last? >> we have done our job. all we need is to resolve our differences. a two-month extension is nothing more than kicking the can down the road. the presiden...