Top of the Hour: Payroll Tax Extension Denied, Morning Headlines

Friday, December 02, 2011

The Senate voted 51 to 49 to extend payroll tax cuts on Thursday, falling short of the 60 votes required for the measure to pass. Democrats had promoted these cuts as a means of stimulating the economy, easing the deficit, and directly benefiting the middle-class. A competing plan proposed by Republicans was also defeated, so the attempt for compromise now heads to the House.

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