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US Republicans agree to payroll tax deal | |
(40 minutes later) | |
US House of Representatives Speaker John Boehner has agreed to a vote on a bipartisan deal to extend a payroll tax cut. | |
House Republicans had refused to vote on the bill, passed by Republicans and Democrats in the Senate last Saturday. | House Republicans had refused to vote on the bill, passed by Republicans and Democrats in the Senate last Saturday. |
Its passage would end a bitter standoff between President Barack Obama and Republicans. | |
The tax break was due to expire on 31 December, hitting the wage packets of some 160 million American workers. | The tax break was due to expire on 31 December, hitting the wage packets of some 160 million American workers. |
The compromise would see the House consider a new bill with a face-saving provision on making the package more friendly to small businesses. | |
And Senate Democrats would agree to appoint negotiators to work out a year-long deal. | |
Because of the amendment, the new bill would require Senate and House approval. | |
Republican rift | |
House Republican leaders are to hold a conference call at 17:00 EST (22:00 GMT) to update rank-and-file members on the development. | |
President Barack Obama and his Democratic allies have kept up relentless pressure on the House Republicans over the issue. | |
The Senate bill would extend the payroll tax and federal unemployment benefits for two months. | |
Unlike other budget stand-offs this year, this dispute has exposed Republican divisions. | Unlike other budget stand-offs this year, this dispute has exposed Republican divisions. |
Earlier on Thursday, Senate Republican Minority Leader Mitch McConnell broke his silence to urge his colleagues in the House to pass the measure. | Earlier on Thursday, Senate Republican Minority Leader Mitch McConnell broke his silence to urge his colleagues in the House to pass the measure. |
Two freshman House Republican lawmakers also released statements on Thursday calling for a vote, breaking the unified front shown by members of that chamber in a news conference on Tuesday. | |
Conservative Republicans were initially sceptical about extending the payroll tax break. | |
Economists said the measure would aid US economic recovery, but Congress disagreed over how to offset the $120bn (£76bn) cost of the plan. | |
Democrats accused them of supporting tax cuts only for the wealthiest Americans. | |
Correspondents say Republicans could have faced blame for an effective tax rise for middle-class Americans, with a general election year looming. |