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Lawmakers Look for Compromise on Payroll Tax
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The Senate failed to extend the payroll tax break last week but there are renewed efforts to push for a compromise measure. Republicans usually are in favor of any tax cuts but they helped defeat the payroll tax break extension attempts. They don’t like how to pay for the tax breaks. Democratic Senator Ben Cardin said that the Republicans have...
Senate Democrats to Create a Plan to Cap Obama’s Appropriations
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Senate Democrats have begun to create a small plan (based on next 5 years) which is going to cap appropriations below President Barack Obama’s 2011 request. This will give the financial committee an upper hand towards breaking the impasse over the estate tax on wealthy.
Max Baucus (Senate Finance Committee Chairman) says that he is expected Conrad...