"Sen. Reid and I have
reached an agreement on payroll tax relief on behalf of the American
people. Key parts of this agreement are that on Jan. 1, no American
worker will see an increase in their taxes. We will ensure that a new
complex reporting burden is not unintentionally imposed on small
businesses. This solution will, at a minimum, prevent small businesses
bearing new administrative burdens and ensure that American workers will
see their tax relief as soon as possible. The Senate will join the
House in immediately appointing conferees with instructions to reach an
agreement in the weeks ahead on a full one-year payroll tax deduction
along with unemployment reforms, an extension of unemployment, and the
so-called 'doc fix' for two years. We expect that these members will
work expeditiously to complete the one-year extension that all of us
want," House Speaker John Boehner said Thursday evening.
Boehner says it "may not have been the politically smartest thing in the
world" to push for a one-year extension of payroll tax cut.
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