WASHINGTON (Reuters) – Republicans in Congress on Monday proposed extending a tax cut for 160 million workers through the rest of the year without offsetting the cost with spending cuts elsewhere in the budget.
As first reported by Reuters, Republican leaders in the House of Representatives issued a statement saying they have decided to move forward with a plan to simply extend the payroll tax cut without offsetting spending reductions. Negotiations would continue on separate proposals to extend jobless benefits for the long-term unemployed and to avert a 27 percent pay cut for doctors treating elderly Medicare patients, the statement said.
Raw Story is a progressive news site that focuses on stories often ignored in the mainstream media. While giving coverage to the big stories of the day, we also bring our readers' attention to policy, politics, legal and human rights stories that get ignored in an infotainment culture driven solely by pageviews.
Founded in 2004, Raw Story reaches 9 million unique readers per month and serves more than 30 million pageviews.