Payroll Tax Cut Talks Adrift On Capitol Hill

By: Associated Press
By: Associated Press

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Tuesday, February 7, 2012

Prospects for extending President Barack Obama's signature payroll tax cut, once considered a slam dunk on Capitol Hill, now seem far less certain as House-Senate talks have deadlocked over finding ways to pay for it.

In a contentious negotiating session Tuesday, Democrats came out
against House GOP proposals to pay for the 2 percentage point
payroll tax holiday by freezing federal workers' pay and requiring
more affluent seniors to pay more for Medicare premiums.

After four public sessions, the House-Senate talks have failed to yield a single significant breakthrough. Michigan Rep. Dave Camp, the top GOP negotiator, has turned the focus to finding ways to foot the bill for $150 billion to $160 billion cost of the payroll tax cut, renewed jobless benefits and other measures through year's end.

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