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House Leaders Accept Two-Month Extension of Payroll Tax Cuts

By: Associated Press
By: Associated Press

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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