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Attempts to Extend Payroll Tax Holiday Fail in Senate

Chris Maddaloni/CQ Roll Call
Senate Minority Leader Mitch McConnell and other Republicans said Democrats' plan to extend the payroll tax break would hurt small businesses because it includes a millionaires tax.

“There’s no reason folks should suffer even more than they already are from the president’s failure to turn this jobs crisis around,” Senate Minority Leader Mitch McConnell said on the Senate floor today. “But there’s also no reason we should pay for that relief by raising taxes on the very employers we’re counting on to help jolt this economy back to life.

“We wouldn’t be helping anybody by making it less likely that small businesses actually start hiring people again,” the Kentucky Republican added.

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