House Set To Approve Payroll Tax Cut –

House Republicans are set to approve a two month extension of the payroll tax cut.  House Republican John Boehner has come to an agreement with Democratic Senator Harry Reid.  The agreement would extend the tax cut for two months and begin negotiations to work out a deal for a full year extension. The payroll tax cut lowers the rate from 6.2% to 4.2%.

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Jim Sutliff

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