House Democratic leaders released a scaled-down version of a tax and unemployment benefits extension bill Wednesday in an effort to get the measure approved before Congress breaks for its Memorial Day recess.

Under the revised bill H.R. 4213 – The American Jobs and Closing Tax Loopholes Act of 2010 – unemployment health benefits and COBRA subsidies, which would have been extended through Dec. 31 under the original bill, would be extended through Nov. 30 instead.

According to Roll Call, a newspaper covering Capitol Hill, "House leaders shrank the bill's price tag by about $50 billion Wednesday night in the Rules Committee, in a nod to fiscal conservatives' concerns about the size of the package and the deficit. The $127 billion bill would now add $84 billion to the deficit."

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