From the NEW YORK TIMES:
Deep rifts among House Republicans over a payroll tax break became evident Friday as rank-and-file members of the caucus told their leaders that they did not want to extend the cut in Social Security taxes for another year, as demanded by President Obama.
Given the effort Democrats are making to capitalize on the issue, Speaker John A. Boehner warned Republicans they would run political risks and could be accused of allowing a tax increase if they blocked the continuation of payroll tax relief set to expire at the end of the year. Lawmakers coming out of the caucus meeting Friday said they had had a spirited debate…
In December 2010, Congress temporarily reduced the employee’s share of the Social Security payroll tax by 2 percentage points, to 4.2 percent of wages. If Congress does nothing, the rate will revert to 6.2 percent in January…
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