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Congress Reaches Tentative Deal on Payroll Tax Cut

HeadlineFeb 15, 2012

Congressional leaders have reached a tentative compromise to extend the payroll tax cut through the end of 2012, saving families who make $50,000 a year an estimated $1,000 annually. The plan would also stop benefits for the long-term unemployed from expiring next month, as well as blocking a cut in reimbursements to doctors who accept Medicare. Republicans dropped several controversial provisions, including one that required jobless people to pursue high school equivalency degrees in order to receive aid.

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