One of the GOP negotiators appointed by Speaker John Boehner, R-Ohio, to seek a payroll-tax holiday compromise floated a new idea on Thursday: a three-month extension of the tax break.
The Senate passed a two-month extension over the weekend; House Republicans have dug in to demand a full year of the extension.
But in an interview on CNBC’s “Squawk Box,” Rep. Dave Camp, R-Mich., said that “two months is just ridiculous” but, “if we can’t do a year, at least do a quarter.”
Camp is one of eight conferees Boehner has named to an as-yet unformed conference panel to hash out the differences between the Senate and House. He said a quarter-long extension would line up with the payroll processing forms for employers.
“We’re hearing from employers that not matching up with the quarterly reporting that they’re required to do by the government is going to cause them a tremendous burden, gonna cause a lot of difficulty – make it harder for them to meet payroll,” Camp said.
DON'T MISS TODAY'S TOP STORIES