WASHINGTON (Reuters) - The Obama administration is considering a possible tax cut that would increase workers' take-home salaries and replace the payroll tax reduction set to expire at the end of the year, The Washington Post reported on Friday. Citing sources familiar with the administration's thinking, the newspaper said the new tax reduction could add hundreds of dollars to employees' annual pay and show up in every paycheck. The White House said no new tax policy suggestion had been formulated. "There's no specific new proposal such as this one at this time," a White House official said. ...

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