Payroll Tax Cut Standoff Ends - President Signs Short-term Extension

December 23, 2011 -- Bowing to increased political and public pressure, the House today passed and sent to the President for signature legislation to extend the payroll tax cut, unemployment benefits and a "doc fix" to avoid steep cuts in Medicare payments to doctors. The extension only lasts two months, so the negotiations to hammer out a longer extension will begin anew.  For a copy of the bill as passed, clink on the following link:
 http://rules.house.gov/Media/file/PDF_112_1/Suspension%20bills/BILLS-112hr-PIH-payroll.pdf 

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