House Votes to Scrap Tax Cuts for Wealthy

But bill has no chance in the Senate
By John Johnson,  Newser Staff
Posted Dec 2, 2010 3:30 PM CST
House Speaker Nancy Pelosi on Capitol Hill Thursday.   (AP Photo/Harry Hamburg)

(Newser) – Call it a symbolic gesture or call it chicken crap, but the House has officially staked its position on the Bush tax cuts. It voted today 234-188 to keep them in place for the middle class but let them expire for the wealthy, reports the Hill. The latter is defined as families making more than $250,000 or individuals making more than $200,000. The measure stands zero chance of passing in the Senate and comes as negotiators from both parties and the White House are trying to hammer out a compromise.

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