White House drops payroll tax cut as GOP unveils virus aid
WASHINGTON (AP) — The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package. The tax cut had been opposed by top Senate GOP allies. The legislation, set to be released Thursday morning by Senate Majority Leader Mitch McConnell, R-Ky., comes amid alarming developments on the virus crisis. McConnell’s package is an opening GOP bid in talks with top Capitol Hill Democrats in a negotiation that could be rockier than
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