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Obama presses Congress to OK payroll tax cut extension

(Xinhua)

10:10, December 06, 2011

U.S. President Barack Obama delivers a speech on payroll tax at the White House in Washington D.C., capital of the United States, Dec. 5, 2011. Obama on Monday urged Republican lawmakers in Congress to join Democrats and approve the extension of payroll tax cuts next year to put more money back in the pockets of working Americans and revive the U.S. economy. (Xinhua/Zhang Jun)

WASHINGTON, Dec. 5 (Xinhua) -- U.S. President Barack Obama on Monday urged Republican lawmakers in Congress to join Democrats and approve the extension of payroll tax cuts next year to put more money back in the pockets of working Americans and revive the U.S. economy.

Although U.S. unemployment rate dipped last month, the world's largest economy still needed to step up efforts to bolster consumption and shore up the fragile economic recovery, Obama said in a hastily arranged White House press conference.

Congress should give the green light to the administration's new payroll tax cuts plan, the centerpiece of a 447-billion-dollar jobs package unveiled in September by Obama, which would boost the payroll tax cuts to 3.1 percentage points from the current 2 percentage points cut that expires at the end of this month, Obama added.

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