Dec 20, 2011

News Alert: Republicans in House Reject Deal Extending Payroll Tax Cut

Breaking News Alert
The New York Times
Tuesday, December 20, 2011 -- 1:19 PM EST
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Republicans in House Reject Deal Extending Payroll Tax Cut

House Republicans on Tuesday soundly rejected a bill approved by the Senate that would have extended the payroll tax cut for most Americans beyond the end of the year and allowed millions of unemployed people to continue receiving jobless benefits.

The House vote, which passed 229 to 193, also calls for establishing a negotiating committee so the two chambers can resolve their differences. Seven Republicans joined Democrats in opposition.

But the Senate has left town for the year, and Democrats say they do not intend to call it back, putting continuation of the tax cut in jeopardy and leaving a shadow over many unemployed Americans as the holidays near.

Read More:
http://www.nytimes.com/2011/12/21/us/politics/house-republicans-move-closer-to-rejecting-payroll-tax-cut-deal.html?emc=na

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