Archive for Tuesday, December 20, 2011

House begins debating payroll tax cut

December 20, 2011


— The House has started debating a Republican proposal that rejects a two-month extension of the payroll tax cut and unemployment benefits that the Senate passed last weekend with strong bipartisan support.

House Republicans favor a year-long version of the bill. The Democratic-run Senate has left Washington for the holidays, but House GOP lawmakers want the Senate to return and negotiate a compromise bill.

Without an agreement, payroll taxes paid by 160 million workers and jobless benefits that support the long-term unemployed will expire Jan. 1.

Senate Majority Leader Harry Reid has said the Senate won't negotiate until the House approves the shorter bill.


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