Rep. Bob Gibbs, Ohio Republican, said Wednesday that a deal on the payroll-tax-cut extension is up to Senate Majority Leader Harry Reid.
“Hopefully, Sen. Reid will assign members to a conference committee so we can get done, because we’re very close,” the first-term congressman said in an interview on The Washington Times-affiliated “America’s Morning News” radio program. “Everybody wants to have the year extension, and we’re very close to getting there, but we’ve got to go to conference and work out some of the details.”
“People need to realize what the Senate did, and kind of in a hasty way, they did something that is going to cause a lot of problems. By only extending the tax cut for 60 days, that’s going to cause a lot of problems mechanically for businesses to implement it,” the 57-year-old Mr. Gibbs said.
Employers who file tax paperwork on a quarterly basis, he said, will have to fill out payroll withholding forms twice, he said. “At least they should have made it for 90 days for the quarter. It’s not workable.”
The Senate over the weekend approved a bipartisan compromise, backed by President Obama, to extend the payroll-tax cut for just two months, while the GOP-dominated House approved its own bill for a 12-month extension. The tax cut will expire Jan. 1 if the two chambers cannot reach an agreement.