Posted: Thu 3:37 PM, Dec 22, 2011
Reporter: Associated Press
Updated: Thu 5:16 PM, Dec 22, 2011
House Leaders Accept Two-Month Extension of Payroll Tax Cuts
WASHINGTON (AP) -- GOP aides say House Republican leaders have agreed to a two-month extension of Social Security payroll tax cuts and federal unemployment benefits.
The move reflects a retreat by House Republicans and appears to all but assure 160 million workers aren't hit by a 2 percentage point increase in the payroll tax on Jan. 1.
House leaders were to brief rank-and-file lawmakers on the proposal on a conference call later Thursday.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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