Congress gave final approval to payroll tax cut legislation Friday, also maintaining Medicare reimbursement rates for doctors and long-term unemployment benefits.
Congress gave final approval to payroll tax cut legislation Friday, also maintaining Medicare reimbursement rates for doctors and long-term unemployment benefits.
The Senate passed the payroll tax holiday compromise today, 60-36, extending through the end of the year a tax cut for millions of Americans as well as jobless benefits.
The House of Representatives and the Senate will vote Friday on a bipartisan deal extending the payroll tax cut and unemployment benefits while also avoiding a Medicare fee cut for doctors for the rest of the year.
Capitol Hill negotiators Thursday officially unveiled hard-fought compromise legislation to prevent 160 million workers from getting slapped with a payroll tax hike, but it ran into turbulence in the Senate, where Republicans withheld support and several Democrats attacked it.