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House Passes Sweeping Tax Bill

Tax cut package sent to Obama's desk

By the Associated Press

Posted Dec 16, 2010 11:19 PM CST | Updated Dec 17, 2010 7:56 AM CST

(AP) – The House of Representatives, acting with uncommon speed, has given final approval to a bipartisan bill that will avoid a scheduled rise in income taxes for millions on the first of January. The vote was 277-148 late last night on the legislation, which is the result of a compromise between President Obama and top Republicans. The bill also cuts federal Social Security pension taxes for nearly every wage earner in 2011, and renews a program of jobless benefits for the long-term unemployed.

After forcing a delay in the House early in the day, Democratic critics settled for a separate vote in their bid to toughen an estate tax provision they attacked as a giveaway to the very rich. They were defeated, 233-194. "The president will be able to sign it as soon as he likes," said Rep. Rob Andrews of New Jersey, who added later on the House floor that he would support "an imperfect bill" in hopes of stimulating job creation. The Senate passed the bill 81-19 on Wednesday.
Graphic shows voting results on House tax cuts bill
Graphic shows voting results on House tax cuts bill   (AP)
President Barack Obama pauses during a statement on the tax cut bill at the White House on Monday, Dec. 13, 2010 in Washington.
President Barack Obama pauses during a statement on the tax cut bill at the White House on Monday, Dec. 13, 2010 in Washington.   (AP Photo/Evan Vucci)
President Obama leaves the podium after making a statement on the tax cut bill at the White House.
President Obama leaves the podium after making a statement on the tax cut bill at the White House.   (AP Photo/Evan Vucci)
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COMMENTS
Showing 3 of 30 comments
tangeri
Dec 17, 2010 12:14 PM CST
why is it the dems try to tie the pubs hands and they say 'fuck you' but then they can shove the dems a little and they cower? this is what you get for voting for whomever you think your neighbor will vote for instead of voting your conscience. 'electability' is bullshit. pubs have no problem voting for whatever crazy asshole they think will help their bottom line.
WallyEFunk
Dec 17, 2010 10:48 AM CST
"Democratic critics settled for a separate vote in their bid to toughen an estate tax provision" There should be NO tax on Estates, The taxes have all ready been paid. A person can just give there money to whom they want when alive, why does it change when they die, if the taxes have been paid ?
JonmarkP
Dec 17, 2010 10:37 AM CST
Obama could not WAIT to roll over and give away huge tax breaks for the rich of both parties - who are his only real constituents. He's not Kenyan, he must be French. He's a surrender monkey.

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House of Representatives • tax cuts • President Obama • Bush tax cuts • tax breaks for the wealthy

 
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