Democrats offer payroll tax cut compromise
December 5th, 2011
01:21 PM ET
2 years ago

Democrats offer payroll tax cut compromise

Washington (CNN) – Senate Democrats on Monday offered a new proposal to extend the payroll tax cut before it expires at the end of the year, and President Barack Obama quickly urged Congress to help middle-class Americans by passing it.

In a statement to reporters at the White House, Obama said failure to act would mean almost 160 million people would pay higher taxes next year, violating a pledge by Republican legislators against raising taxes.

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Filed under: Congress • Democrats • Taxes