MW; Payroll-tax cut deal not far off, Rep. Cantor says
By Robert Schroeder
WASHINGTON (MarketWatch) -- A House-Senate deal to extend the payroll-tax cut for one year isn't far off, House Majority Leader Eric Cantor said Wednesday. Speaking on CNBC, he said there aren't "big differences" between the two chambers, but as of Wednesday morning Senate Democrats had not appointed negotiators to work on a compromise. Payroll taxes will jump to 6.2% of earnings from 4.2% on Jan. 1 if Congress doesn't act.
