House Leaders Agree To Senate Tax Terms

By The Associated Press

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Dec. 22, 2011

boehner
Speaker of the House John Boehner (R-OH) holds a news conference to announce that he and Senate Majority Leader Harry Reid (D-NV) had negotiated deal on the payroll tax cut. (Chip Somodevilla/Getty Images)

WASHINGTON — House Speaker John Boehner says he has reached agreement with the Senate to renew the payroll tax cut before it expires Dec. 31.

The Ohio Republican said in a statement Thursday that he expects to pass a new bill by Christmas that would renew the tax break for two months while congressional negotiators work out a longer-term measure that would also extend jobless benefits for millions of Americans and prevent doctors from absorbing a big cut in Medicare payments.

The GOP retreat ends a tense standoff in which Boehner's House Republicans came under intense pressure to agree to the short-term extension.

Copyright 2011 The Associated Press.

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