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Payroll tax deadlock ends as House caves
The House GOP capitulated to Obama and Democratic pressure to renew payroll tax cuts for two months, averting a January tax increase for about 160 million workers and preserving unemployment benefits. Speaker Boehner pledged faster talks on a one-year extension while Senate leaders urged prompt action before Christmas.
MENTIONED IN THIS ARTICLE
Washington
House
Barack Obama
John Boehner
Ohio
Senate
Kevin Brady
Texas
Boehner
Obama
Congress
GOP
Mitch McConnell
Kentucky
McConnell
Harry Reid
Reid
Sean Duffy
Wis
John McCain
Karl Rove
Wall Street Journal
Kingston
U.S