Tax Cut Deal Still Up In Air

12.19.11 | Bob Price

          A deal to extend payroll tax cuts for two months is up in the air.  The Democratic-led Senate approved a two month extension Saturday but there may not be enough votes in the Republican-run House to approve it.  The so-called payroll tax holiday expires at the end of the month.  President Obama has warned that struggling families could lose up to one thousand dollars in 2012 without a full extension.  The two-month Senate extension aims to give lawmakers more time to negotiate a longer deal.  On NBC's "Meet the Press," House Speaker John Boehner said Republicans will continue to insist on a one year extension.