Quantcast

Republicans propose not paying for payroll tax

By Reuters
Monday, February 13, 2012 15:21 EDT
google plus icon
boehner.afp
 
  • Print Friendly and PDF
  • Email this page

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.

(Reporting By Donna Smith and Richard Cowan)

Reuters
Reuters
Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, technology, and more.
 
 
 
 
By commenting, you agree to our terms of service
and to abide by our commenting policy.
 
Google+