Today's winners are Americans making under $50,000 a year who will get that controversial tax break after all (at least for now). Late this afternoon, house Republicans gave in to Democrats and their GOP colleagues on the senate side (and presumably to GOP strategists who warned that they were committing suicide for the Republican Party) and agreed to the Senate-approved payroll tax holiday which they had blocked on Tuesday.
The New York Times reports:
Bowing under intense pressure from members of their own party to end the politically damaging impasse over a payroll tax holiday, House Republican leaders agreed Thursday to accept a temporary extension of the tax cut, beating a hasty retreat from a showdown that Republicans increasingly saw as a threat to their election opportunities next year.
Under a deal reached between House and Senate leaders — which Speaker John A. Boehner presented to the rank and file in an evening conference call — House members would accept the two-month extension of a payroll tax holiday and unemployment benefits approved by the Senate last Saturday, while the Senate would appoint members of a House-Senate conference committee to negotiate legislation to extend both benefits through 2012.
Mr. Boehner said in a Capitol Hill news conference Thursday that if the compromise was not approved in the House by unanimous consent on Friday, as planned, he would “absolutely’’ call the House back into session for a vote next week. The House is in pro forma session and can make such a move if no one objects. The Senate is expected to do the same.
The news brings us back to Tuesday's Jolt—where we didn't so much declare US Rep. Jaime Herrera Beutler (R-WA, 3) a winner as much as we just awarded her a jolt for breaking ranks with her obstinate house colleagues; impressive for a first-term rep.
Today, she turns into a full-fledged winner as one of just seven Republicans who initially voted for the tax holiday on Tuesday. With today's decision, Republican house leadership caught up with the freshman rep from southwest Washington State. Not to mention, catching up with the Democrats.