worst of the sequester, that s something that has been holding the economy back, the federal budget cuts and sequester. we would have done better without that. housing a bright spot within the economy right now, but housing not really enough to really bump those numbers much higher. another report we just got. private payroll processors. they do all the paychecks for companies and get a look at what the private sector is doing. showed 200,000 jobs created in a month. private sector, again. about 82,000 of those were small businesses, carol. companies with less than 50 workers. this could be a little foreshadowing for the big jobs report on friday. sometimes it matches, sometimes it doesn t exactly. but what this tells us is that we are seeing some hiring, 200,000 in the private sector and, again, you want to see more, you want to see jobs with higher wages and we saw those protests this week, the fast food protests. a lot of the quantity of jobs we re creating in this country are not h
though. the payroll tax cut that s been in effect, the 2% on your paycheck of a payroll tax break, that does go away right away. and people will likely see that quickly. and by the way, i don t think any party is talking about bringing that back in to the picture in 2013. also, this amt patch you have heard, alternative minimum tax, that s a 2012 problem. so if that doesn t get patched, people will face a higher tax bill there. when they fill out their tax bill for 2012. in april of 2013. many of the companies have told their payroll processors, for january use 2012 income rates, income tax rates. not only would the payroll processors saying that, but if we do over the cliff and it looks like a deal is forthcoming, this is important, perhaps somewhat underreported and down in the weeds, the treasury department will tell the irs, do not change the
outfront tonight. backed into a corner. [ cat meows ] it s an awful noise, whenever you hear it. republicans are the cats today. that s the sign of the republicans hissing like an angry cat cornered by the neighborhood dog. why? the president s order. allowing eviden ining immigrant age of 30 to stay in this country with two year work visas. those workers can be renewed unlimited times. this is a temporary stop-gap measure that lets s us focus ou resources wisely while giving a degree of relief and hope to talented, driven patriotic young people. it is the it is the right thing to do. but does it add up? yes. resoundingly so. that is when it comes to politics. the order effects 1.4 million immigrants. or about 12% of the illegal immigrants in this country. that s according to the pew center. but there is one person it affects more than anyone else. and that person is the president of the united states. the national association of latino officials estimates that 12 mil
congress needs to pass an extension of the payroll tax cut and unemployment insurance without drama and without delay and without needs to pass this without drama and delay and without linking it to some other ideological side issues. we ve been through this before, remember? we ve seen this movie. we don t need to see it again. the time for self-inflicted wounds to our economy has to be over. let s go straight to cnn congressional correspondent kate bouldan. kate, this is a surprising turn-around. what are you hearing there? what made them decide to make this move? jessica a surpriseding turn-around and sharp and surprising reversal by house republicans on the issue of the payroll tax cut. as you know, one of the demands house republicans have been making all along during this month s long battle over extending the payroll tax cut is their incidentses that the payroll tax cut and other measures be included in the deal be paid for. be covered and paid for by offsets tha
the payroll tax cut. it s set to expire at the end of this year. president obama called john boehner today and the white house has even put a counterdown clock on the home page of its website. it says if the house does not act, taxes on the middle class will increase starting the first of the year. let s go to the white house. our chief white house correspondent, jessica yellin, is standing by with the latest on this dramatic political showdown. what is the latest? the latest is that the white house believes there is only one way for the nation to avoid an increase in the payroll tax cut and that is for speaker john boehner to bring that senate pass two month extension to a vote. just this morning, speaker boehner said that s not going to happen. we re here, we re ready to work. we re looking for our counterparts to sit down with us so we can do what the president and leaders want and that s to extend the payroll tax cut for one year. now, midday today, the president ho