How does Tax Code fit into President Obama’s Speech?

The White House is hoping that an extension of this year’s payroll tax cut is popular enough with voters to help win broader support for President Barack Obama’s $300 billion jobs program.

Congressional Republicans are already throwing cold water on the idea of wrapping a broader program around it.

“If (the payroll tax cut) is standing alone, I think that might have some success,” said Sen. Orrin Hatch, R-Utah. “If it’s lumped in with a whole bunch of big spending programs that builds Washington at the expense of the rest of the economy he’s not going to have much support from me or any other Republicans.

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