Federal Budget, Payroll Tax | featured news

Lawmakers reach tentative deal to extend payroll tax break

Despite discomfort in the Republican ranks, House and Senate negotiators reached a deal in principle early Thursday to extend a payroll tax break, continue unemployment benefits and ensure that Medicare doctors do not get a pay cut this year.

 

Dems claim payroll tax 'breakthrough'

Payroll Tax

In a sharp turnaround, House Republican leaders Monday dropped a key demand that the cost of extending the payroll tax cut be offset by spending cuts elsewhere in the budget.

 

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