Payroll tax break: Extension proposals from both parties fail in Senate

The Senate late Thursday rejected competing partisan visions for extending a temporary tax break that benefits virtually every American worker, clearing the way for more serious negotiations over how to cover the cost of the tax cut. All but a handful of Democrats voted in favor of their party’s proposal, but in a surprising turn, more Republicans voted against the GOP plan than in favor of it. Senate Minority Leader Mitch McConnell (R-Ky.) predicted this week that a majority of his conference would vote for the party’s plan to extend the payroll tax cut.

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Photo: Payroll Tax Cut Extensions failed to overcome a Senate filibuster.

Posted: Fri, 12/02/2011 - 12:24pm