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Congress reaches final payroll tax deal

Posted on February 16, 2012 by TRP

Congressional negotiators resolved all differences on an agreement to extend the payroll tax cut and unemployment benefits while avoiding a fee cut for Medicare doctors for the rest of the year, leaving only technical issues to sort out.

“It’s good for the country. It’s very good for the country,” Montana’s Max Baucus, the Democratic chairman of the Senate Finance Committee, said early Thursday in announcing the deal.

But resolving those technical issues and getting the necessary signatures required to finalize the conference report was expected to take through at least Thursday.

“We’re confident that this can be concluded … and we’re moving forward,” Republican Rep. Dave Camp of Michigan, the other committee chariman, said.

Senate Majority Leader Harry Reid of Nevada hailed the deal.

READ MORE:

via Congress reaches final payroll tax deal – CNN.com.

 


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