WASHINGTON D.C. (Indiana’s NewsCenter) - Congress is still locked in controversy over extending the payroll tax cut.
The Senate passed a bi-partisan backup measure on Saturday to extend the tax cut for two months.
But House Speaker John Boehner warns he and other house GOP members oppose the bill.
He said a two-month extension adds too much uncertainty, and called for more talks to come up with a year-long plan before the tax cut expires at the end of the year.
House Speaker Rep. John Boehner (R) says, “How can you do tax policy for two months? So, I, we really do believe it's time for the Senate to work with the House to complete our business for the year. We've got two weeks to get this done. Let's do it the right way.”
The Senate bill would also extend unemployment benefits and prevents federal funds from being cut to doctors who accept Medicare.
The $33-billion cost would be paid for by raising fees new homeowners with federally-backed mortgages will pay to Freddie Mac and Fannie Mae.
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