House GOP leaders said most of their members would insist on the one-year payroll tax cut extension and would vote against the Senate's bipartisan legislation that would extend the payroll tax cut an additional two months. Earlier in the day. Senate Majority Leader Harry Reid (D-NV) said that he will not renegotiate a deal with Senate Republicans.
The Speaker said earlier that the Senate bill "kicks the can down the road and creates uncertainty for small businesses and the economy."
In response, Senate Majority Leader Harry Reid (D-NV) said that he will not renegotiate a deal on extending the payroll tax cut. He also promised not to call the Senate back to Washington until the House passes the Senate bill.
Reid said in a statement, “My House colleagues should be clear on what their vote means today. If Republicans vote down the bipartisan compromise negotiated by Republican and Democratic leaders, and passed by 89 senators including 39 Republicans, their intransigence will mean that in ten days, 160 million middle class Americans will see a tax increase, over two million Americans will begin losing their unemployment benefits, and millions of senior citizens on Medicare could find it harder to receive treatment from physicians."