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Thursday, December 22, 2011

House vote puts tax cut in limbo - Washington Times

House vote puts tax cut in limbo - Washington Times: The House voted Tuesday to enter into negotiations over the payroll-tax cut, but the top Senate Democrat refused, leaving an impasse that threatens to increase taxes on 160 million workers and cut off unemployment benefits to millions of recipients.

House lawmakers’ 229-193 vote essentially leaves the tax cut in limbo. A bill extending the tax cut, unemployment compensation benefits and other year-end items has left the House, meaning the Senate must take the next step.

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