Continued from page 1

Mr. Camp said he agreed with his party leaders in the House to consider other options.

“While we will continue our negotiations in good faith and remain hopeful that a deal will come together, we also recognize that the clock is ticking,” he said in a prepared statement. “It is prudent for our leadership to take whatever action is necessary to ensure American workers are not hit with a tax increase on March 1.”

The payroll tax cut initially was set up at the end of 2010 as a one-year deal. Lawmakers worked to extend the tax break for another year during the closing weeks of 2011 but couldn’t agree how to pay for it, instead agreeing on a two-month stopgap deal.

The tax cut allows a worker earning $50,000 to keep about an extra $20 a week.