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 They have also rescinded their demand that congress find a way to pay for it.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.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!