We Need a 1-Year Extension

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, yesterday, Peter Isberg, president of the National Payroll Reporting Consortium, Inc., expressed concern over the Senate-proposed payroll tax plan which offers only a 2-month extension instead of the yearlong extension passed last week by the House. In a letter written to several Members of Congress on both sides of the aisle, Isberg stated that, ``insufficient lead time could create substantial problems, confusion, and costs affecting a significant percentage of U.S. employers and employees.''

House Republicans are willing to work for a yearlong extension now instead of passing a 2-month fix that will confuse American taxpayers, medical providers, and small business owners. It is necessary for both Houses of Congress to work together to extend the payroll tax cut for a full year. At a time of continued record unemployment, we should be working to help small businesses create jobs.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism. We are grateful for our servicemembers, military families, and veterans who were successful in Iraq.

Source