Details Of The Final Payroll Tax Cut Deal

TPM has obtained a detailed summary of the payroll tax cut deal, prepared by House GOP. Scroll down to read the document.

The deal caps off lengthy negotiations that achieved a breakthrough this week after House Republicans agreed to extend the payroll tax cut without offsets. Unemployment insurance and the Medicare “doc fix” will be paid for with spending cuts elsewhere in the budget.

“As of 4 p.m. a majority of House conferees and a majority of Senate Conferees have signed the conference report for HR 3630,” a GOP aide told TPM Thursday.

It’s expected to be voted on and wrapped up by the end of this weekend.

Payroll Tax Holiday Agreement-TPMAnd here’s a summary of the health spending cuts, the numbers verified by a Dem aide.

Health Provisions