Payroll tax conferees likely to meet in mid-January

Congress extended the payroll tax relief through February last month after a prolonged political battle. Under the cut, workers pay a 4.2 percent payroll tax rate, down from 6.2 percent.

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Meanwhile, House Democrats are looking to get a head start on the conversation, with meetings planned for both Wednesday and Thursday.

Minority Leader Nancy Pelosi (D-Calif.) will sit down with members of the caucus at a dinner tonight, while the House Democratic Policy and Steering Committee is scheduled to meet on Thursday.

According to a leadership aide, the House Democrats will delve into the conference committee and job creation in general. “We’ve got work to do,” the staffer said.

Pelosi and Democratic conferees, among others, will also hold a news conference tomorrow.