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Republicans: Budget cuts need to offset tax relief

Republican congressional leaders stressed a willingness Wednesday to extend a Social Security payroll tax cut due to expire Dec. 31, setting up a year-end clash with Democrats over how to pay for a provision at the heart of President Barack Obama's jobs program.

By David Espo | Updated on November 30, 2011
House Speaker John Boehner of Ohio, flanked by House Majority Leader Eric Cantor, R-Va., left, and Rep. Jeb Hensarling, R-Texas, center, speaks to reporters on Capitol Hill. Wednesday, Nov. 30, 2011(AP Photo/Susan Walsh)

WASHINGTON (AP) — Republican congressional leaders stressed a willingness Wednesday to extend a Social Security payroll tax cut due to expire Dec. 31, setting up a year-end clash with Democrats over how to pay for a provision at the heart of President Barack Obama’s jobs program.

“We just think we shouldn’t be punishing job creators to pay for it,” said Senate Republican leader Mitch McConnell, scorning a Democratic proposal to raise taxes on million-dollar income earners.

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