House Republicans want changes to payroll tax deal

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Source: BBC

With a House of Representatives vote due, Speaker John Boehner said he wanted the payroll tax holiday renewed for a whole year - not just two months.

The Senate bill passed with bipartisan support on Saturday, but then rank-and-file Republicans united against it. <snip>

If Congress cannot reach a deal by the end of this month, the payroll tax rate will rise by 2% in the new year, which analysts warn could hurt a fragile economic recovery.

The package, supported by President Barack Obama, would also extend benefits for the long-term unemployed and avert deep cuts to doctors' Medicare fees.


Read more: http://www.bbc.co.uk/news/world-us-canada-16251124