Yesterday, the House rejected a plan to extend a Social Security payroll tax cut for two months and Republican members are demanding that the U.S. Senate return to negotiate an extension for the entire year.
The House Tuesday rejected legislation to extend a payroll tax cut and jobless benefits for two months, drawing a swift rebuke from President Barack Obama that Republicans were threatening higher taxes on 160 million workers on Jan. 1.
The Senate has passed a $1 trillion-plus year-end budget bill for President Barack Obama's signature as part of a congressional endgame also featuring action on a two-month extension of a cut in the Social Security payroll tax and jobless benefits for the long-term unemployed.
Republicans are girding to push a bill through the House that would continue a payroll tax cut for 160 million workers, but has drawn White House and Democratic objections because it would also force work on a controversial oil pipeline.
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