A deal has been struck between Senate leadership for a payroll tax cut plan.I guess the Greens aren't so important after all. Heh.
The $30-40 billion plan calls for a two-month extension of payroll tax cut, extension of unemployment benefits and the “doc fix,” multiple Senate sources confirm tonight.
There is an inclusion of the Keystone XL oil pipeline provision, a major win for Republicans.
The bill is fully paid for without tax hikes. The bill is paid for with fees from Fannie Mae and Freddie Mac. The bill will require the Federal Housing Finance Agency to institute a basis point increase to guarantee fees imposed by Fannie Mae and Freddie Mac on lenders.
The Senate Democratic and Republican caucuses are meeting right now, separately. Leadership is briefing their members on the plan in an attempt to sell it to their members.
Friday, December 16, 2011
The GOP has won another round: