Congressional leaders reached a deal Thursday to give 160 million Americans an extended payroll-tax holiday, handing President Obama a year-end political victory over his Republican foes.
The showdown over a payroll-tax-cut extension worth about $40 per pay check to average Americans was the latest fierce showdown for control of power in polarized Washington ahead of Obama's 2012 re-election race. Obama earlier had fumed at the fact that Republicans and Democrats agreed that passing a payroll-tax cut was necessary, but were unable to agree on the length of the extension. "Has this place become so dysfunctional that even when people agree with things we can't do it? It doesn't make any sense. Enough is enough," Obama said.