December 15, 2010

HALFWAY HOME: SENATE SENDS TAX-RATE BILL TO HOUSE

WASHINGTON – In a reach across party lines, the Senate overwhelmingly passed sweeping legislation Wednesday to prevent a Jan. 1 income tax increase for millions and renew jobless benefits for the long-term unemployed.


The 81-19 roll call cleared the way for a suspenseful vote in the House on Thursday, where rebellious liberals announced plans to try and stiffen an estate tax provision they oppose as too generous to the rich.President Barack Obama quickly told reporters he wants the bill passed unchanged, so it can reach his desk quickly for a signature. And Senate Republicans have warned any modification could doom the bill's prospects for passage in time to head off the tax hikes.
Full Story

No comments:

Post a Comment