POLITICO Breaking News
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Speaker John Boehner announced Thursday night that he had reached a deal to extend the payroll tax break for two months, averting a January tax increase for 160 million Americans. The deal will be cleared on Friday on a voice vote in Congress. While Republicans made a major concession in agreeing to the two-month deal, they won agreement to tweak some technical aspects of the payroll tax for businesses. As part of the deal, Senate Majority Leader Harry Reid will appoint conferees to negotiate a long-term agreement.
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