A week after their first meeting, House and Senate Conferees met again Wednesday morning to resolve House-Senate differences on the Social Security payroll tax cut extension, unemployment insurance program, Medicare physicians payment fix and other items.
In December 2011 Congress passed a two-month payroll tax cut extension. Democrats proposed taxing income earners over $1 million while Republicans wanted the cost to be offset through spending cuts. The extension expires on February 29th. Conferees also discussed differences over unemployment insurance and Medicare.