Posted: Nov 29, 2011 3:46 PM
Source: Associated Press
WASHINGTON - The White House is refusing to say whether President Barack Obama would sign into law an extension of payroll tax cuts that is not paid for.
Spokesman Jay Carney says Obama would prefer that lawmakers find a way to pay for the cuts and not add to the federal deficit. But he says he won't speculate about what decisions Congress will ultimately reach and how the president would react.
The payroll tax cuts for 160 million Americans are set to expire at the end of the year. The president included the extension and expansion of the cuts in the jobs bill he released in September. He has repeatedly said that all measures in that jobs bill would be paid for and would not add to the federal deficit.