[Congressional Record Volume 158, Number 22 (Thursday, February 9, 2012)]
[House]
[Page H643]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CALLING ON CONFERENCE COMMITTEE TO ACT ON TAX RATE
(Mr. LANKFORD asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. LANKFORD. Madam Speaker, with less than 3 weeks to go before the
payroll Social Security tax extension expires, it is time for the
conference committee to make up their mind on the way forward and to
bring their proposal to the full House and Senate. Long secret
negotiations are unjustified.
The House passed a full-year extension of the payroll tax deduction,
major reforms to the unemployment insurance, and a 2-year extension to
the Medicare doc fix 8 weeks ago. Since that time, nothing has been
done in the daylight to resolve this issue. Our delay will cause
companies all over the country to work overtime this month to revise
their payroll formula. We should help the people who create the jobs
around the country, not give them even more consternation.
Chad Richison, the CEO of Paycom, wrote a terrific op-ed in The Hill
this week. He doesn't care which tax rate we set, but he's truly
frustrated when we delay our decisions and then dump all the last-
minute work on them and thousands of other companies around the
country.
If we expect American companies to pay their taxes on time, we should
get the tax rate done on time.
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