House Rejects Payroll-Tax Cut Deal

    WASHINGTON, DC - DECEMBER 20:  U.S. Speaker of the House Rep. John Boehner (R-OH) (2nd L) walks towards the House chamber for a vote December 20, 2011 on Capitol Hill in Washington, DC. The overall objections of a bi-partisan two-month payroll tax cut extension from House Republican members has put Speaker Boehner under pressure for going on record as being against a tax cut for 160 million working Americans.  (Photo by Alex Wong/Getty Images)

    Alex Wong / Getty Images

    Talk about a Grinchy measure. The House of Representatives on Tuesday rejected the bipartisan compromise to extend the payroll-tax cut—setting up a showdown with President Obama and the Democratically controlled Senate. The bill also would have extended unemployment benefits. The Senate agreed over the weekend to a two-month extension of the payroll-tax cut so the issues Republicans have been lobbying for Democrats to decide on would come up for debate by the end of February, but House Republicans were not happy with the compromise and showed it by rejecting the deal. Democrats blasted the GOP for rejecting the deal, while the House called for a formal conference with the Senate. The next step for lawmakers is uncertain, as Senate Majority Leader Harry Reid has said he will not appoint any negotiators should the extension fail to pass the House.

    Read it at The Washington Post