House Republican Leaders Agree to Payroll Tax Deal
Bowing under intense pressure from members of their own party to end the
politically damaging impasse over a payroll tax holiday, House Republican
leaders on Thursday agreed to accept a temporary extension of the tax cut,
beating a a hasty retreat from a showdown that Republicans increasingly saw as a
threat to their election opportunities next year.
Under a deal reached between House and Senate leaders — which Speaker John A.
Boehner was presenting to the rank and file in an evening conference call —
House members would accept the two-month extension of a payroll tax holiday and
unemployment benefits approved by the Senate last Saturday while the Senate
would appoint members of a House-Senate conference committee to negotiate
legislation to extend both benefits through 2012.
Read More:
http://www.nytimes.com/2011/12/23/us/politics/senate-republican-leader-suggests-a-payroll-tax-deal.html?emc=na
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