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Battle Over Payroll Tax Holiday Continues

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    Can bipartisan agreement be reached?

  • Duration 2:00
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It's we're closing in on yet another crucial congressional vote on a budget -- it's a revised democratic plan to extend a payroll tax cut that Wendell Goler spoke of a moment ago.

-- congressional correspondent Mike Emanuel reports on the effort on both sides of the aisle to get something done.

House Republican leaders are trying to find the legislative sweet spot to -- conservative support to extend the payroll tax holiday speaker Boehner acknowledged there's apprehension.

The concern about the payroll tax citizens.

Is that we're taking money out of the -- security trust fund.

We have a trust fund that we all I was going broke.

Democrats are spotted producing this letter from the Social Security chief actuary which says a one year extension would have quote.

A negligible effect -- senate majority leader Harry Reid said there will be no extension beyond when he twelve.

Due to concerns about Social Security that many rank and file Republicans believe the tax holiday hasn't help stimulate the economy.

Still GOP leaders are anxious to strip away the primary argument.

Present Obama uses against them.

Today mr.

Obama issued this warning.

-- -- the payroll tax cut.

Is attached to a whole bunch of extraneous issues.

It's not something that -- -- -- after a morning visit to the White House senate Democrats said the president told lawmakers -- delay his Christmas vacation.

Until the payroll holiday is extended he said.

Michelle and the girls are have a great time -- -- -- -- mean there -- with a year almost over one key Republican is focused on reforming the budget process including tighter spending caps and a modified line item veto.

Washington stumbles from budget crisis to budget crisis.

With little or no oversight on how old government spends hardworking taxpayer dollars.

Regarding the president's warning -- -- say they're working on a bill to stop attacks hypertext Social Security reform unemployment insurance and create jobs.

The suggestion is of mr.

Obama wants to threaten -- that's a fight Republicans welcome.

On Capitol Hill Mike Emanuel Fox News.

A school.

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