US House Republicans oppose Senate payroll tax bill

US House Republicans oppose Senate payroll tax bill
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First Published: Sun, Dec 18 2011. 08 10 PM IST

US House Speaker John Boehner. Photo: Bloomberg
US House Speaker John Boehner. Photo: Bloomberg
Updated: Sun, Dec 18 2011. 08 10 PM IST
Washington: US House Speaker John Boehner on Sunday threw into doubt an extension of a popular tax break for wage earners, saying he and his fellow House Republicans opposed the two-month extension passed by the Senate.
US House Speaker John Boehner. Photo: Bloomberg
Boehner said on NBC’s “Meet the Press” he wants a longer-term extension of the reduced rate for US payroll tax paid by workers to fund Social Security.
The Senate on Saturday passed a two-month extension but Boehner said he wanted to work out differences with the Senate before the end of the year, when the tax cut expires.
While White House economic adviser Gene Sperling said on Sunday he expects the House of Representatives will back a compromise for a two-month extension of a payroll tax cut.
“I really think it is very unlikely that the House would disrupt this compromise ... six days before Christmas,” Sperling said on CNN’s “State of the Union” program.
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First Published: Sun, Dec 18 2011. 08 10 PM IST