[Congressional Record Volume 157, Number 194 (Friday, December 16, 2011)]
[Senate]
[Pages S8703-S8704]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PAYROLL TAX CUT
Mr. CASEY. Mr. President, I rise to speak about the payroll tax cut
we have been debating and considering these many weeks and which we
seem to be making some progress on today. I know we will hear more
about that later today. I wish to make a couple points--first about the
issue itself and then a few points about what is happening in
Pennsylvania. I wish to highlight some of the constituent mail we have
received about this issue and about the state of the economy and
people's lives.
But first and foremost, by way of review, we have had a number of
weeks now of debate about the payroll tax and putting in place an
agreement where both parties can come together to make sure we put in
place the payroll tax cut we agreed to last year.
[[Page S8704]]
Many who have been watching this debate know what that means. Instead
of having an individual worker or employee pay 6.2 percent as a payroll
tax, we reduced that last year to 4.2 percent. I think it is vital, at
a minimum, we do that, we extend it.
I had two pieces of legislation--two different versions--to reduce
that even more, to cut it in half and also to do the same for
businesses. I think that is a good idea, but for whatever reason we
have not reached agreement on that. But we seem to have made progress
in the last couple days--even in the last couple hours--coming together
on an agreement on the payroll tax. We do not have an agreement yet.
But we are all working very hard because we all know both the benefits
of it and the consequences of not extending the payroll tax cut.
The benefits are plainly evident. If we put in place this payroll tax
cut, we can jump-start, kick-start job creation and move the economy
forward. I say that in light of some recent numbers we have in
Pennsylvania. Pennsylvania's unemployment rate has hovered around 8
percent for a long time. The number of people unemployed in our State,
the 8 percent, does not sound as high as in some places, but that meant
over half a million people were out of work. It was not too long ago--
just a few months ago--when we had roughly 525,000 people out of work.
That number reduced to about 513,000. Fortunately, just yesterday, we
got news that the number has fallen below 500,000 for the first time in
a long time. We are at 499,000--not much below half a million, but that
is good news for Pennsylvania. What that meant is, our unemployment
rate went from 8.1 percent down to 7.9 percent. So we are below 8
percent.
As many people know, the national rate went below 9 percent to 8.6
percent. So we are seeing the unemployment rate nationally and in a
number of States, including Pennsylvania, going in the right direction,
meaning it is going down. The unemployment rate is going down. The
number of people out of work, fortunately, is shrinking a little bit.
We have a long way to go to completely dig out of this economic ditch
our economy has been in for a long time. One of the best ways to
continue that progress is to pass a cut in the payroll tax again, as we
did last year. It was the right thing to do last year. It is the right
thing to do this year, to continue the progress. We want to make sure
we are doing everything possible so our month-to-month job creation
number is much higher than it has been.
We have been averaging in the roughly 150,000 range of private sector
job growth. That is not enough. We need that above 200,000, and we need
it even above 250,000. If we take this step--it is not the only step--
there is no magic wand to any policy we pass. Cutting the payroll tax
will not solve all our economic challenges. But it is one of the most
constructive, one of the most effective steps we can take.
If we do not do it, here is the consequence, at least as it relates
to Pennsylvania--a big State that has a lot of the economic challenges
many States have. Mark Zandi, a respected economist, did some analysis
just on Pennsylvania. If we do not extend the payroll tax cut, which,
as we know, has the potential to benefit 160 million American workers--
in my home State of Pennsylvania last year that meant more than 6.5
million workers had a cut in their payroll tax, a tremendous benefit
for a State such as Pennsylvania. We grew in the last year about 50,000
jobs. That is the good news. The bad news could be, if we do not pass a
payroll tax cut, for Pennsylvania--for the country, which, obviously,
would have an impact in Pennsylvania--the job loss number, according to
Mark Zandi, would be just shy of 20,000 jobs lost in the State of
Pennsylvania in 2012.
So it is vitally important for the Commonwealth of Pennsylvania. I
think that applies for the Nation as a whole. It is one of the steps,
and, frankly, one of the few steps Congress can take that will have a
direct impact not just on the economy overall but to directly put
dollars in people's pockets--take-home pay. That is what this whole
issue is about for employees--what is going to be their take-home pay
in 2012. If we pass the tax cut, it will be about $1,000. If we do not
pass a tax cut, it will be zero in terms of an extra benefit.
Working Americans who have been struggling through this economy and
suffering should have the right to expect we take the action they are
telling us to take to cut the payroll tax.
Let me cite two examples of what people are asking us to do, from two
constituents, and then I will conclude my remarks.
Here is a letter from a woman in Pennsylvania, central Pennsylvania.
I will not give her name. We do not have the authority to do that. But
I wish to read some of her words. Here is what she says about how she
perceives Washington and what is happening here. I will just read about
two sentences from her letter:
Please make sure something is done in Washington before the
end of the year. I feel that no one should be able to have a
break--
Talking about us in Congress--
before taking action on the tax breaks that will expire at
the end of this year. If you all cannot do this then you
should all leave office and let someone in there who can work
together and get things done. Stay and do your job. Period!!
She has two exclamation points after the word ``period.'' What she is
telling us is what so many Americans are telling us: that we have work
to do here, to come together, to agree not just on a budget for the
next year but especially on something as fundamental as this payroll
tax cut. So she said it very well, and she encapsulated a lot of what
people are feeling.
I am going to read an excerpt from a second letter, one from a woman
from the eastern side of our State, in the so-called Lehigh Valley of
Pennsylvania. I will not read the whole letter. It is about her family
and some of the economic challenges they have had. I wish to read just
two excerpts. She says:
Now I find myself questioning whether or not anyone has an
answer and if they do, will it be too late.
You see, over the last 2 years, all four members of my
family, myself included, have lost our jobs.
This is a woman from one family in one part of Pennsylvania talking
about how many members of her family have lost their jobs. She expects
us to get our job done--to come together and to work together to pass a
cut in the payroll tax.
Later in the letter she says this--and I will conclude with this
quotation:
We need to put people back to work. Only then can the
economy get turned around. I don't care who comes up with the
plan, but the parties need to work together if this country
is going to survive. My family is only one example. I know of
SO many others who are struggling and in an even worse
position than we are.
She is talking about other people being in a worse circumstance, and
she has all four members, including herself, of her family who have
lost their jobs in the course of the last year or so. So if she can
demonstrate--this woman from the Lehigh Valley in Pennsylvania--if she
can demonstrate that kind of empathy and compassion and understanding
of what others are going through, when she herself and her family have
suffered so substantially in this economy, the least we can do in the
Senate, in Washington--the very least we can do--is come together and
work together to get this job done.
The leading indicator of that, I would argue, is making sure we put
in place a cut in the payroll tax so at a minimum--as people are still
doing holiday shopping and still wanting to have a bright and happy
holiday and want to have some measure of peace of mind, some measure of
security about next year--at least know we came together and made sure
this payroll tax cut was in place.
It is vital for the people of Pennsylvania, and I think it is
essential for economic growth across the country. We need to come
together and get this done.
I yield the floor and suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The bill clerk proceeded to call the roll.
Mrs. HUTCHISON. Mr. President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
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