Friday, December 23, 2011

House votes for new payroll talks with Senate (Reuters)

WASHINGTON (Reuters) ? The Republican House of Representatives, on a mostly party-line vote, on Tuesday rejected the Democratic Senate's bid to extend a payroll tax cut for two months and demanded instead urgent negotiations on a possible year-long extension.

Senate Democratic Leader Harry Reid refuses to go along with such talks, and accuses Republicans, who earlier opposed any tax-cut extension, of being disingenuous. Reid has urged the House to agree to the bill passed by the Senate last week with bipartisan support to renew the tax cut for two-months while an agreement is sought on how to pay for a year-long renewal.

(Reporting By Thomas Ferraro; Editing by Sandra Maler)

Source: http://us.rd.yahoo.com/dailynews/rss/democrats/*http%3A//news.yahoo.com/s/nm/20111220/ts_nm/us_usa_taxes

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