Payroll Tax Cut Bill Finalized After Last-Minute Negotiations With Conferees

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A last-minute agreement to satisfy the concerns of Senate Republicans and Maryland Democrats on the payroll tax cut conference committee will allow lawmakers to move ahead on a final floor vote to extend the tax break, the committee's leaders announced early today. House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Senate Finance Committee Chairman Max Baucus (D-Mont.) said the conference committee had signed off on its conference report, but the legislative text was still being fine-tuned and they declined to discuss specifics in the agreement. Congressional leaders still hoped to be able to hold floor votes on the bill ahead of the Presidents Day recess, which begins this weekend.