Lawmakers negotiating over the payroll tax cut extension said they have agreed on a deal to extend the 2 percentage point cut in Social Security and Medicare withholding taxes through the rest of the year, along with unemployment benefits and the “doc fix” to prevent Medicare reimbursements to physicians from being cut.
“We have an agreement,” Senate Finance Committee Chairman Max Baucus, D-Mont., told reporters early Thursday morning, according to ABC News. “A couple of things have to be worked out, but they’re minor and we expect that there will be a final, total result tomorrow.”
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