House to Vote on Payroll Bill as Senate Eyes Tax Sweeteners
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The Republican-controlled U.S. House of Representatives will vote today on extending an employee payroll tax cut, putting pressure on the Senate and continuing a year-end legislative fight affecting workers’ paychecks.
The White House threatened to veto the House measure, and Democrats are resisting Republicans’ attempt to use it as a vehicle to revamp the unemployment compensation system and expedite a Canadian oil pipeline. Senate Democratic leader Harry Reid gave the first hint of his next step today, saying he would add $35 billion in extensions of miscellaneous tax breaks to a payroll tax cut.