Cantor: No Short-Term Extension Of Payroll Tax Cut

House Majority Leader Eric Cantor (R-VA) said Monday that the payroll tax cut needs to be extended for a full year, something both sides say they want but have yet to agree on offsets for.

“I want to see the payroll tax holiday extended for the year,” Cantor told reporters, according to his office. “This is where the House Republicans were in December.”

The Virginia Republican said Senate Majority Leader Harry Reid (D-NV) is mulling a two-month extension of the tax holiday. The issue is being deliberated along with extending unemployment compensation and averting cuts to Medicare physician payment rates.

“Harry Reid needs to finally step up and say he is for extending the payroll tax holiday for a year, and stop all the discussion of 60 days,” Cantor said. “We can do this. It’s not that difficult.”