House leaders accept Senate tax terms - KTIV News 4 Sioux City IA: News, Weather and Sports

House leaders accept Senate tax terms


GOP aides say House Republican leaders have agreed to a two-month extension of Social Security payroll tax cuts and federal unemployment benefits.
   The move reflects a retreat by House Republicans and appears to all but assure 160 million workers aren't hit by a 2 percentage point increase in the payroll tax on Jan. 1.
   House leaders were to brief rank-and-file lawmakers on the proposal on a conference call later Thursday.

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