The House speaker, John A. Boehner, said he and other House Republicans were opposed to the extension until February of the payroll tax cuts.
I guess we spoke too soon. The deal is now off. We have to wait and see but this is not one that can be retroactive. It is disappointing but not the end of the world. The stimulative effect of the cut is real but it is not a huge cut so it will have some slow down effect but I don't think enough to push the 'recovery' off track.
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