Washington (CNN) -- House Republicans will hold a conference call at 5 p.m. Thursday amid indications of a possible deal to extend the payroll tax cut before it expires on January 1, according to Republican and Democratic sources.
According to the sources, previously recalcitrant House GOP leaders have agreed to a two-month extension of the tax break to allow time for further negotiations. Those terms were part of a bipartisan Senate deal that President Barack Obama and congressional Democrats demanded the House accept.
The deal also includes the addition of legislative language to ease the administrative burden on small businesses implementing the plan, a House GOP aide told CNN.
If the deal is accepted by House Republicans in their conference call, the House would approve the plan Friday in a "pro forma" session requiring only affirmation by unanimous consent so that members don't have to return to Washington from their holiday recess, according to a House Republican aide.
The development came hours after Senate Minority Leader Mitch McConnell, R-Kentucky, called for a short-term extension to end the standoff, increasing pressure on House GOP leaders to end their resistance to such a step.
According to the sources, previously recalcitrant House GOP leaders have agreed to a two-month extension of the tax break to allow time for further negotiations. Those terms were part of a bipartisan Senate deal that President Barack Obama and congressional Democrats demanded the House accept.
The deal also includes the addition of legislative language to ease the administrative burden on small businesses implementing the plan, a House GOP aide told CNN.
If the deal is accepted by House Republicans in their conference call, the House would approve the plan Friday in a "pro forma" session requiring only affirmation by unanimous consent so that members don't have to return to Washington from their holiday recess, according to a House Republican aide.
The development came hours after Senate Minority Leader Mitch McConnell, R-Kentucky, called for a short-term extension to end the standoff, increasing pressure on House GOP leaders to end their resistance to such a step.
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