House leaders accept Senate tax terms

by
December 23, 2011

WASHINGTON (AP) — In an abrupt about-face, House Republican leaders Thursday agreed to a two-month extension of a Social Security payroll tax cut and federal unemployment benefits, GOP aides said.

The move reflects a bowing to demands by theSenate and President Barack Obama 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.

It also would renew jobless benefits for almost 2 million people without jobs for more than six months and spare doctors from a big cut in Medicare payments. House Republicans were to hold a telephone conference call on the developments later Thursday.

House Republicans balked at the bipartisan Senate bill earlier this week, and their leaders, as recently as Thursday morning, had insisted that theSenate begin talks on a one-year measure passed by the House last week. The Senate passed a 2-month extension on Saturday.

The decision came swiftly after the top Republican in the Senate, Minority Leader Mitch McConnell of Kentucky, urged the House to accept a short-term measure.

1 Comment - what are your thoughts?

  • Tony Johnson says:

    I sure hope spending Christmas at home, for our leaders, was worth the ‘screwing the American People are getting.

    When are these people we put in charge of our Country going to quit playing ostriches with thier backsides and start doing what we sent them to Washington to do?

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