McConnell expects bipartisan deal on tax cut

WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell predicted on Sunday that Congress will renew a popular payroll tax cut, but it remained unclear how lawmakers will resolve deep differences before the December 31 deadline. While he did not unveil a new deal, McConnell signaled that he and others anticipate having one soon. "We're going to reach an agreement," McConnell told "Fox News Sunday," noting there is "bipartisan support" for extending the tax cut. The 4.2 percent payroll tax that workers pay to fund the Social Security retirement system will return to 6. ...

Source: http://news.yahoo.com/mcconnell-expects-bipartisan-deal-tax-cut-192307093.html

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