[Updated at 12:20 p.m. ET] Senate Majority Leader Harry Reid, D-Nevada, said Monday he will not agree to reopen negotiations with House leaders on the payroll tax cut until the House passes the two-month extension already approved by the Senate.
[Posted at 10:40 a.m. ET] Speaker John Boehner, R-Ohio, said Monday morning he expects the House of Representatives to reject the Senate's two-month extension of the payroll tax cut.
Boehner also said he expects the House to pass legislation reinforcing the need for a one-year extension, and wants the matter to be taken up by a House-Senate conference committee.
"We oppose the Senate bill because doing the two month extension instead of a full year extension causes uncertainty for job creators," he said. "I used to run a small business. I met a payroll. I hired workers. A two month extension creates uncertainty and will cause problems for people who are trying to create jobs in the private sector."
"The idea that tax policy can be done two months at a time is a kind of activity we see here in Washington that's really put our economy off its tracks."
The Republican-controlled House of Representatives is expected to vote Monday evening on a short-term extension of the popular payroll tax cut, but the measure is facing fierce resistance from conservatives upset with both the temporary nature of the bill and its impact on funding for Social Security.FULL STORY