House GOP out to reshape Senate's payroll tax cut

WASHINGTON (AP) - 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."
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.

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