White House Rejects Republican Proposal for Payroll Tax Cut

The White House rejected the Republican's proposal for the payroll tax cut. According to the White House, the plan did not take a balanced approach to pay for the tax cut. It insisted that the Republican approach cut too much from the federal budget while avoiding taxes on the rich.

"We are open to looking at other ways to pay for this, but they have to be economically responsible and fair,'' White House spokesman Jay Carney said. "It is important that the overall package meet the standards the president has set.''