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| Home : House Republicans Cave on Payroll Tax |
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Dec 22
2011 |
House Republicans Cave on Payroll Tax |
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A muted House Speaker John Boehner announced today that Republicans have decided to accept a short-term extension of the payroll tax cut, preventing a hike in taxes just nine days before the tax break expires for 160 million Americans.
House GOP leaders appeared to be adopting a compromise suggested by Senate Minority Leader Mitch McConnell to pass the two-month extension in exchange for the Senate appointing members to a conference committee, which will negotiate a longer-term solution. The proposal won a nod of approval from President Obama and Senate Majority Leader Harry Reid.
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| Source:http://feeds.abcnews.com/click.phdo?i=45097f11096b1a9984d9a403fb81f3b8 |
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