The tax break was due to expire on 31 December, hitting the wage packets of some 160 million American workers. The compromise deal would see the House consider a new bill containing a face-saving provision on making the package more friendly to small businesses. President Barack Obama and his Democratic allies have kept up relentless pressure on the House Republicans in recent days to back a Senate deal that would extend the payroll tax for two months. Unlike other budget stand-offs this year, this dispute has exposed Republican divisions. READ FULL STORY
Thursday, 22 December 2011 21:48
Barack Obama wins another for the little guy as US Republicans agree to tax deal
Written by BBC NewsUS House of Representatives Speaker John Boehner has agreed to a vote on a bipartisan deal to extend a payroll tax cut. House Republicans had refused to vote on the bill, passed by Republicans and Democrats in the Senate last Saturday. Its passage would end a bitter standoff between President Barack Obama and Republicans.
Published in
US
