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 They have also rescinded their demand that congress find a way to pay for it.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.
We rely on support from listeners and readers like you to keep our stories free and accessible to all. Monthly gifts are especially meaningful as they help us plan ahead and concentrate on the stories that matter. Will you consider donating $10/month, to help sustain The World? Thanks for your support!