House Republicans come to agreement on tax cut extension - KWWL - Eastern Iowa Breaking News, Weather, Closings

House Republicans come to agreement on tax cut extension

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House Republicans caught heat all day from the White House and other jobless Americans asking for an extension on the payroll tax cut for two months.  

On Thursday, they relented finally agreeing to a two month extension. 

According to NBC, the House bill is slightly different from the Senate Bill by not requiring small businesses to engage in expensive reporting practices.  

But both bills insure that there will not be a tax increase for Americans on January 1st.  

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