What's at stake for your paycheck

While House Republicans continue their efforts to avoid voting on the Senate's extension of the payroll tax bill, this afternoon President Obama urged the House to listen to voices across the country and reconsider—because American families nationwide are counting on this tax cut. For a family making about $50,000 a year, it amounts to about $1,000 per year. That's about $40 per paycheck for the average American family.

Since Monday, more than 30,000 people have written in to tell the White House what $40 would mean to them. Here are a few examples of what they're saying:




You can check out more tweets here, or join the conversation by tweeting with #40dollars.

As the President stated today, "These are the things at stake for millions of Americans. They matter to people a lot. … We should negotiate an agreement as quickly as possible to extend the payroll tax cut and unemployment insurance for the rest of 2012."

On Saturday, in a show of overwhelming bipartisan support, the Senate voted to cut taxes for 160 million middle-class families, and sent their bill to the House. In his speech this afternoon, the President reiterated the importance of the House passing a short-term version of this compromise rather than continuing to play their partisan game. "Enough is enough.  The people standing with me today can’t afford any more games.  They can’t afford to lose $1,000 because of some ridiculous Washington standoff."

You can read the full remarks here, and sign on to tell House GOP to act