cbs4

Local

Coffman, Tipton Back Renewing Payroll Tax Cut

View Comments
(credit: CBS)

(credit: CBS)

DENVER (AP) — Most of Colorado’s representatives in the U.S. House have backed renewing a payroll tax cut and jobless benefits.

Republicans Mike Coffman and Scott Tipton voted with Colorado’s three Democratic representatives– Diana DeGette, Ed Perlmutter and Jared Polis — in voting for the measure. Republicans Cory Gardner and Doug Lamborn both voted against it.

The House approved the measure in a 293-132 vote and the Senate also approved the measure minutes later.

In a statement, Tipton said economic growth happens when people are able to save and invest more of their money instead of giving to the government.

Under the bill, workers would continue to receive a two percentage point increase in their paychecks. People out of work for more than six months would keep jobless benefits averaging about $300 a week.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,429 other followers