House Rejects Senate's Payroll Tax Extension

The House blew up the end-of-year deal to extend the payroll tax holiday, but it insists it's the Senate's fault. If both chambers fail to forge a compromise, taxes go up, unemployment benefits expire and payments to Medicare doctors get cut by 27 percent ? all starting Jan. 1.

Source: http://www.npr.org/2011/12/20/144029798/house-rejects-senates-payroll-tax-extension?ft=1&f=1014

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