House Makes Good on Pay Roll Tax Deal
Though it took some teeth-pulling, House Republicans made official the deal reached Monday to extend unemployment benefits and the payroll tax cut by another 10 months with a 293-132 vote today.
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House and Senate leaders could reach a deal tonight on extending the payroll tax cut, jobless benefits, and the Medicare reimbursement rate, The Hill's Bernie Becker reports.
Though it took some teeth-pulling, House Republicans made official the deal reached Monday to extend unemployment benefits and the payroll tax cut by another 10 months with a 293-132 vote today.
House Republicans will agree to extend the payroll tax cut for another 10 months without making up for the lost revenue with budget cuts, as they'd previously demanded, reports Bloomberg.
President Obama spoke, after nearly an hour's delay, about the payroll tax deal before heading to Hawaii for his Christmas vacation.
They said they'd vote for it, and now they have: The House of Representatives just passed the two-month payroll tax extension after the Senate approved it earlier on Friday.
The fight over the payroll tax cut accomplished almost nothing in terms of real world policy changes, but has provided the president with a huge political victory heading into 2012.
House Republicans have reversed course and agreed to pass the payroll tax cut extension for two more months under pressure from the Senate and the White House, reports National Journal, citing "Republican and Democratic sources."
President Barack Obama's brief speech on the payroll tax cut gridlock turned up the heat on House Republicans telling them, "Enough is enough."
House Republicans want to work out a compromise with President Barack Obama about extending the payroll tax break, but they can't just offer to do so without a bit of snark.
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