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Detailed text transcripts for TV channel - MSNBC - 20111223:03:03:00

payroll tax cut extension is over. for those of you playing at home, it is president obama, 1, house republicans, 0. now, here is how house speaker john boehner who wanted to take the compromise deal last week, started the day. the house passed the bill that would extend these policies for a year and it just kicked the can down the road, oh, my goodness, we are getting close to christmas is not the right thing for the american people. and here is where boehner ended up. senator reid and i have reached an agreement on payroll tax relief on behalf of the american people. key parts of this agreement are that on january 1st no american work letter see an increase in their taxes. we will ensure that a new complex reporting burden is not unintentionally imposed on small business. we will ask the house and senate to approve this agreement by

Detailed text transcripts for TV channel - MSNBC - 20111223:01:03:00

enough from the president s failed economic policies and shouldn t face the uncertainty of a new year s day tax hike. nice take, senator. but late this afternoon speaker boehner buckled to all the pressure. he held a conference call with house republicans to announce he wanted to pass the senate bill by unanimous consent. tonight boehner, well, he ate some crow. senator reid and i have reached an agreement on payroll tax relief on behalf of the american people. key parts of this agreement are that on january 1st no american worker will see an increase in their taxes. that was the sound of john boehner caving. so what does this mean? where does the tea party go from here? i think in the next few months we re going to find out what political revenge is all about. and i would imagine that somewhere tonight john boehner s having a stiff drink trying to figure out what his next move is going to be. because i do get the sense these tea partiers are not going to give up. their mission wa

Detailed text transcripts for TV channel - MSNBC - 20111223:04:03:00

mcconnell released this statement. although he was spinning it pretty good. working americans have suffered enough from the president s failed economic policies and shouldn t face the uncertainty of a new year s day tax hike. nice take, senator. but late this afternoon speaker boehner buckled to all the pressure. he held a conference call with house republicans to announce he wanted to pass the senate bill by unanimous consent. tonight boehner, well, he ate some crow. senator reid and i have reached an agreement on payroll tax relief on behalf of the american people. key parts of this agreement are that on january 1st no american worker will see an increase in their taxes. that was the sound of john boehner caving. so what does this mean? where does the tea party go from here? i think in the next few months we re going to find out what political revenge is all about. and i would imagine that somewhere tonight john boehner s having a stiff drink trying to figure out what his next

Detailed text transcripts for TV channel - MSNBC - 20111223:06:03:00

home, it is president obama, 1, house republicans, 0. now, here is how house speaker john boehner who wanted to take the compromise deal last week, started the day. the house passed the bill that would extend these policies for a year and it just kicked the can down the road, oh, my goodness, we are getting close to christmas is not the right thing for the american people. and here is where boehner ended up. senator reid and i have reached an agreement on payroll tax relief on behalf of the american people. key parts of this agreement are that on january 1st no american work letter see an increase in their taxes. we will ensure that a new complex reporting burden is not unintentionally imposed on small business. we will ask the house and senate to approve this agreement by unanimous concept before christmas. middle class families and small

Transcripts For CNNW CNN Newsroom 20111223

kyra? but in the next half an hour, we should see the senate come into session and this deal could pass within maybe one or two minutes. it could be that short as both the senate and the house are expected to pass this legislation. this payroll tax extension deal using a procedural move that basically allows them to pass legislation without having to call all of the members back into town. so, according to both democratic and republican leadership aides on the senate side, they do expect that things are moving towards a passage on the senate side and then, of course, all eyes turn to the house where the house expected to follow up with a vote and at the top of the next hour and, according to a house republican leadership aide, leaders do expect that this bill will go through, which means that both the house and senate both chambers of congress will have passed this two-month exteng, but, again, we caution with this procedure it only requires one member to stand up in the cham

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