Houses Passes Payroll Tax Cut

Senate Majority Leader Reid rejects House version, which includes changes to unemployment benefits and speeds approval of oil pipeline.

The U.S. House of Representatives passed legislation that would extend an employee payroll tax cut for one year while freezing pay for federal workers, restructuring unemployment compensation and speeding approval of a Canadian pipeline that would stretch to Texas.

Today’s 234-193 vote sends the $202.4 billion measure to the U.S. Senate, where Majority Leader Harry Reid, a Nevada Democrat, has said it won’t advance. The Senate may vote on blocking the House measure this week before negotiations begin on legislation that would have a better chance of clearing both chambers of Congress and being signed by President Barack Obama.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Advertisement. Closing in 15 seconds.