Transcript for Speaker Boehner: Deal Reached on Payroll Tax Cuts
Senator Reid and I have reached an agreement. On -- payroll tax relief on behalf of the American people. Keep parts of this agreement. Are that on January personal American workable -- an increase. Their taxes. We will ensure. That a new complex. Reporting burden. Is not unintentionally imposed on small businesses. The solution will at a minimum prevent small businesses. A very new administrative. Burdens. In insure that American workers. -- -- -- tax relief -- -- responsible. The -- Will join in the house and immediately -- -- -- conferees. With instructions to reach an agreement. In the weeks ahead on a full one year of payroll tax. Deduction a long -- Unemployment. Reforms an extension of unemployment and of the so called docked next for carriers. -- -- expected there. These members will work expeditiously. But to complete the one year extension all of us want the state. And it. And -- sometimes. It's hard to do the right thing. And sometimes it's politically difficult to do the right thing. But -- whenever -- -- called. For a one year extension of the payroll tax deduction. When everybody wanted to. Four year -- extended unemployment benefits. We were here fighting for the right things. And ought to -- the politically of the smartest thing in the world but I wanted to Iowa. And make our members waged a good -- we were able to come to an agreement -- fixed. What what came out of the --
This transcript has been automatically generated and may not be 100% accurate.