Despite months of partisan bickering, plans to extend the payroll tax cut have remained at an impasse – and all the while, the end-of-the-month expiration date was drawing nearer. But Monday afternoon, GOP leaders reversed their stance and agreed to extend the payroll tax cuts for another ten months beyond February. They have also rescinded their demand that congress find a way to pay for it. Todd Zwillich is the Takeaway’s Washington correspondent.
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