House Speaker John Boehner says Republicans will defeat a short-term bill that would have prevented a tax hike on some 160 million Americans and called on Democrats to stay in Washington through the holiday if necessary to "finish the people's business."
Boehner told reporters on Capitol Hill on Monday that the Senate bill extending the payroll tax cut for only two months "creates uncertainty" in the economy. He said Republicans would hold out for a bill that would extend the cuts for a year.
Boehner said: "It's time for us to do our work."
Recommended For You
If Congress doesn't act, some 160 million Americans would see their take-home checks cut by 2 percentage points beginning Jan. 1, when this year's 4.2 percent payroll tax reverts to 6.2 percent.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
