Republican leaders in the House are supporting the extension of the payroll tax cut without reductions in spending. This clears a major hurdle in negotiations to extend the payroll tax cut which applies to 160 million workers. The payroll tax cut is set to expire at the end of February. The payroll tax cut extension may reach the House floor by the end of the week.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/02/13/usa-taxes-payroll-idUSL2E8DDC0D20120213
Jim Sutliff