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Speaker of the House Rep. John Boehner, R-Ohio, speaks during a news conference Thursday on the payroll tax cut on Capitol Hill.

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Congress sends payroll tax cut extension to Obama

A proposed tax cut will impact 160 million workers and will finance Social Security spending for 10 months.

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Payroll tax deadlock ends as House caves

House Republicans on Thursday caved to demands by President Obama, congressional Democrats and fellow Republicans for a short-term renewal of payroll tax cuts for all workers.

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