Obama will be speaking live at 12:15 PM EST today, in Manchester, New Hampshire. The plan is to address the American Jobs Act and the upcoming payroll tax holiday expiration date.
Stay updated on the political happenings, as well as Obama’s live speeches by checking out the video section of MyBankTracker.com, where we do our best to stream each and every public address the President has.
As the end of the year rapidly approaches, Obama plans to increase legislative pressure on Congress. He is expected to ask lawmakers to extend the payroll tax holiday which allows employees to pay 4.2% of the typical 6.2% on their first $106,000 wages into Social Security.
Tune in below closer to 12:15 PM to see President Obama speak on the issue:
With a January 1 expiration deadline quickly approaching, and with the Super Committee’s failure — reported on Monday, the situation is not looking too hot. Compromised of 12 members, 6 from the House of Representatives and 6 from the Senate, the committee is evenly divided between Democrats and Republicans.
Their one job was to work together in order to come up with a way to reduce the national debt by a whopping $1.2 trillion within the next 10 years. It’s no wonder they are struggling to come up with an agreement. Monday, November 21, the Super Committee released a short statement beginning with, “After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline. ”
No matter the difficulty of the task, Obama is still expected to bring down the hammer when it comes to his speech today. It is his hope the Committee will not allow bipartisan discord influence the payroll, more specifically resulting in an increase.
Let us know what you think of Obama’s speech in New Hampshire in the comments section below: