House leaders accept Senate tax terms - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

House leaders accept Senate tax terms

      WASHINGTON (AP) - House Speaker John Boehner says he has reached
agreement with the Senate to renew the payroll tax cut before it
expires Dec. 31.
      The Ohio Republican said in a statement Thursday that he expects
to pass a new bill by Christmas that would renew the tax break for
two months while congressional negotiators work out a longer-term
measure that would also extend jobless benefits for millions of
Americans and prevent doctors from absorbing a big cut in Medicare
payments.
      The GOP retreat ends a tense standoff in which Boehner's House
Republicans came under intense pressure to agree to the short-term
extension.
     

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