U.S. House Speaker John Boehner said he wants to discuss an extension of the expiring payroll tax cut with the Obama administration.
“We told the president in September that we stand ready to have an honest and fruitful discussion with him regarding the payroll tax extension, and that invitation stands,” the Ohio Republican said in a statement released today.
Boehner also urged Obama to push the Democratic-controlled Senate to vote on House-passed jobs bills.
Unless Congress acts, the 2-percentage-point cut in the payroll tax will expire Dec. 31, leading to a drop in take-home pay for workers next year.
President Barack Obama urged Congress today to prevent the tax cut from expiring. This year’s tax break, which started in January, cost the government $111.7 billion in forgone revenue.
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