Tags: House | Republicans | Payroll | tax | cuts

Republicans Propose Not Paying for Payroll Tax Cut

Monday, 13 Feb 2012 02:48 PM

 

Congressional Republicans 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 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.

 

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved