The House on Friday voted to extend a payroll-tax-cut package through the remainder of the year, taking a critical step toward avoiding a looming tax increase on millions of Americans.
By 293-132, the House voted to pass the measure. The Senate still must clear the legislation, with a vote expected shortly. Lawmakers are heading out of town after today for a week-long recess.
The package was the product of negotiations between both parties and chambers, with a key concession from House Republicans, who agreed to extend the payroll-tax cut without finding a way to pay for it. Under the deal, the tax paid by workers to Social Security will remain at 4.2% instead of reverting to 6.2%.