House GOP agrees to short-term fix

WASHINGTON (AP) ? It looks like there'll be a short-term extension of a tax cut.

GOP aides say House Republican leaders have agreed to a two-month extension of the Social Security payroll tax cuts and federal unemployment benefits.

The move reflects a retreat by House Republicans and appears to all but assure 160 million workers aren't hit by a 2 percentage point increase in the payroll tax on Jan. 1.

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Source: http://www.wetmtv.com:80/news/national/story/House-GOP-agrees-to-short-term-fix/oUlLvm8PSkmkzO0y5PyX6w.cspx?rss=129

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