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House GOP Plans To Reject Payroll Tax Cut Extension

December 21, 2011 by  

House GOP Plans To Reject Payroll Tax Cut Extension

With the Upper Chamber on break for the holidays, GOP members of the House are moving to shelve a bipartisan two-month extension of the Social Security payroll tax cut that was cleared by the Senate, The Associated Press reported.

According to the news outlet, these Representatives are demanding that the Senate return to the Capitol for negotiations over the tax cuts. President Barack Obama’s tax initiative and other expiring measures include jobless benefits for roughly 1.8 million people who will lose them next month if Congress doesn’t act.

The AP reported that the House Republicans said they would move to set up an official House-Senate negotiating panel known as a conference committee instead of accepting the stopgap measure cleared by the Senate.

“Do you want to do something for 60 days that kicks the can down the road?” Representative Jeb Hensarling, (R-Texas) said in a statement. “Or do you want to do what the president asked us to do? And we’re people who don’t agree with the president all that often.”

CNN reported that if the measure is not passed in 12 days, the payroll tax cut that has saved a typical household $1,000 this year will expire.

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