CNN: …House Speaker John Boehner was among the Republicans voting for the measure.
Had the House not acted, and the Bush-era tax cuts that were set last decade expired fully, broad tax increases would kick in. In addition, $110 billion in automatic cuts to domestic and military spending would take place…
The government temporarily lowered the payroll tax rate in 2011 to 4.2% from 6.2% to put more money in the pockets of Americans — but has cost about $120 billion each year. That tax cut expired Monday… (more)
