Offset Disputes Could Slash Payroll Tax Cuts to Less Than 10 Months

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Senate Finance Committee Chairman Baucus warns H.R. 3630 conference committee negotiators that unless the panel can find a way to agree on suitable ways to pay for extending the entire payroll tax cut package through 2012, a shorter-term extension might be required again. Ways and Means Committee Chairman Camp, who is chairing the conference, launched the public discussions by first focusing on areas of policy issue agreement, but Baucus and other committee members worry that the real debate over money could undo any consensus on policy.

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