Payroll Tax Cut Vote Today

Members of Congress are expected to vot on the payroll tax cut extension deal Friday.

The deal, which was reached early Thursday morning, will extend the 2 percent cut in payroll taxes through 2012. This will keep the existing rate at 4.2 percent.

The compromise will also extend unemployment benefits as well as halt a reimbursement cut for doctors who treat Medicare patients.

President Obama said he would sign the deal immediately.

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