Dem: Obama says failure on tax deal would mean end of his presidency

House sends tax deal to Obama unaltered
WASHINGTON — A sweeping plan to extend expiring Tax Cuts and jobless benefits for millions of Americans was on its way to President Obama for his signature after the House of Representatives voted late Thursday night to pass the bill despite opposition from Liberal Democrats. House Democrats, navigating an attempted revolt within their own party that threatened to derail the measure, joined Republicans in turning back proposed last-minute changes to the Estate Tax that would have sent the b...

Bill Preventing Tax Hikes Heads to Obama
(WASHINGTON) — A massive Bipartisan tax package preventing a big New Year's Day tax hike for millions of Americans is on its way to President Barack Obama for his signature. The measure would extend Tax Cuts for families at every income level, renew jobless benefits for the long-term unemployed and enact a new one-year cut in Social Security taxes that would benefit nearly every worker who earns a wage. In a remarkable show of Bipartisanship, the House gave final approval to the measure...

Congress Passes Obama-Bush Tax Cuts for the Wealthy
After a brief show of Disapproval, the House went along with the Senate to extend George W. Bush’s gift to the yachting community for another two years. President Obama negotiated the Compromise, which will add $858 billion to the Deficit, thanks in part to generous give aways to rich Americans—and not just those who are living. The Estate Tax took a beating in this deal, leaving the first $10 million of grandpa Warbucks’ wealth untouched and taxing the rest at a lower rate th...

Local Lawmakers Split Over Steady Tax Rates Deal
Rep. Anthony Weiner (D-NY) (Credit: Brendan Smialowski/Getty Images) NEW YORK (CBS 2) — When ball drops in two weeks, Americans will not get hit with Tax Increases, no matter what their economic status is, Kathryn Brown reports. In a rare midnight session, the House of Representatives approved a sweeping Tax Cut package. The deal extends the Tax Rates that were in force for years and were set to expire on December 31 for everyone for two more years, even high-income earners, extends unemp...

Tax Rates To Stay Steady Through The New Year
Rep. Anthony Weiner (D-NY) (Credit: Brendan Smialowski/Getty Images) NEW YORK (CBS 2) — When ball drops in two weeks, Americans will not get hit with Tax Increases, no matter what their economic status is, Kathryn Brown reports. In a rare midnight session, the House of Representatives approved a sweeping Tax Cut package. The deal extends the Tax Rates that were in force for years and were set to expire on December 31 for everyone for two more years, even high-income earners, extends unemp...

AP: Bill Preventing Big Tax Hikes Passes
From a suddenly tone changing Associated Press: Bill preventing big tax hikes heads to Obama By Stephen Ohlemacher, Associated Press December 17, 2010 WASHINGTON - A massive Bipartisan tax package preventing a big New Year’s Day tax hike for millions of Americans is on its way to President Barack Obama for his signature. Notice the sudden change in tone from the AP. They are no longer calling this ‘Mr. Obama’s Tax Cut deal.’ Maybe that was too big of lie even for t...

TRENDING: Palin calls tax deal 'lousy'
(CNN) - Former Alaska Gov. Sarah Palin voiced strong opposition to the Tax Cuts passed in both chambers of Congress and revealed her 2012 timeline. "I think it's a lousy deal and we can do better for the American People," Palin said on ABC Friday. The tax package the president will sign Friday concludes months of contentious politicking over a Compromise between the White House and members of Congress, a deal Palin said is "still not good enough." "You can term it compromise, I term it flip flop...

House sends tax deal to Obama unaltered
WASHINGTON — A sweeping plan to extend expiring Tax Cuts and jobless benefits for millions of Americans was on its way to President Obama for his signature after the House of Representatives voted late Thursday night to pass the bill despite opposition from Liberal Democrats. House Democrats, navigating an attempted revolt within their own party that threatened to derail the measure, joined Republicans in turning back proposed last-minute changes to the Estate Tax that would have sent the b...

House Passes Temporary Extension Of Bush-era Tax Cuts 277-148
. House passes temporary extension of Bush-era Tax Cuts 277-148 The Hill 12/17/10 12:00 AM ET The House late Thursday gave final approval to a temporary extension of the George W. Bush-era Tax Rates, delivering a significant but politically bruising victory to President Obama. The $858 billion Legislation now heads to the president’s desk for his signature. It extends the Bush Tax Cuts across the board for two years, slashes the employee Payroll Tax by 2 percent for one year, renews the e...

The Lefts Message to Obama
Shortly before midnight Thursday, the much-debated GOP-Obama tax deal was passed in the House of Representatives by a Bipartisan vote of 277-148. Those expecting a swift end to the protracted struggle in Congress were kept in abeyance earlier that day, after leftist opposition successfully derailed the vote in the House just before it was brought to the floor. After passing handily in the Senate by a vote of 81 to 19 Wednesday, the bill was widely projected to pass in the House by Thursday ...

Politico: Say, that tax vote in House was big win for Obama?
Their headline is accurate enough — “Barack Obama makes the sale.”  Obama did put his prestige on the line to twist arms in his own party, and had his efforts failed, the President’s influence would have been seriously diminished.  Neither side would have bothered to negotiate with the White House, at least not seriously, if Obama couldn’t deliver the vote. But whose policy was Obama selling? Democrats are about to surrender the House. Republicans are pinching t...

Steven Pearlstein - Republicans and tax cuts? Now that's rich.
One of the great enduring mysteries of American politics is why Republicans attach so much importance to cutting taxes for the rich. This Story Congress passes extension of Bush-era Tax Cuts Senate Democrats give up on earmark-laden spending bill Brown Says Tax Cuts Blow `Outrageous' Hole in Deficit Republicans and tax cuts? Now that's rich. Graphic: How the tax deal affects you Welch Seeks Separate House Votes on Tax Bill Elements House Democrats prolong their last stand Republicans are not ...

Tax Deal Done in Days, Spending Bill Falls Apart, DOD Authorization Up, 'Don't Ask, Don't Tell' Headed for Senate Vote, Trivia
FAST BREAK-ING: Tax CutS TO POTUS : At a minute before midnight, 10 days after he announced he'd struck a deal with Republicans, the House sent President a bill renewing rates on individual income, capital gains and dividends, setting the inheritance tax at a rate of 35 percent for income over $5 million for individuals or $10 million for couples, extending Unemployment Benefits for 13 months, cutting workers' Social Security Payroll taxes by 2 percentage points for a year, and re-upping a serie...

Obama to sign tax bill today
President Barack Obama will sign the $858 billion tax bill into law Friday, a White House official said. The signing will take place during a White House event this afternoon, the official said Friday. Continue Reading Text Size - + reset Politico 44 It will come only hours after the bill cleared its last major hurdle, final passage in the House around midnight Thursday by a comfortable margin, 277-148. But there's a reason for the rush: The current Income Tax rates expire Dec. 31, putting...

Today's Power Play: House Dems Fold on Taxes; GOP Wins Spending Fight; Gay Military Plan Alive; 2012 Field Shaping Up
Chris Stirewalt's Power Play is available for a limited time on the America's Election HQ blog. Check back for updates on new subscription offers for app users. -- Rep. Peter Defazio (D-OR) denouncing a tax Compromise between President Obama and Republicans. Democratic objections and weeks of bitter complaining about a deal between President Obama and the GOP went up in a cloud of smoke late Thursday night. The midnight vote sends the bill back to president Obama for his signature exactly as the...

Obama to sign tax cut extension deal
President Obama will sign the much-debated Tax Cuts extension and offer a public statement from the White House on Friday afternoon, according to two administration officials. The package includes a two-year extension of the Bush-era Tax Cuts set to expire December 31. It also would extend Unemployment Benefits for 13 months, cut the Payroll Tax by 2 percentage points for a year, restore the Estate Tax at a lower level and continue a series of other Tax Breaks....

An incoherent Congress
The tax deal passed last night, and without changes. Liberals don't really like it. Conservatives don't really like it. Even people who supported the deal -- myself included -- don't really like it. It's tempting to say that this broad spectrum of gnawing dissatisfaction just shows that the bill was a true Compromise, with everyone getting a little and giving up a bit. And maybe it was. But it was a compromise that said something bad about our political system, not something good: It said we're ...

House clears tax-cut bill, on to Obama
WASHINGTON — Congress approved the most significant tax bill in nearly a decade late Thursday, overcoming liberal resistance to continue for two more years Tax Breaks enacted under President George W. Bush and to provide a fresh boost of federal support to the tepid Economic Recovery. The package, brokered by President Obama and Republican leaders, angered many Democrats, who have long argued that the Bush Tax Cuts were skewed to benefit the wealthy. But their last-minute campaign to sca...

Wonkbook: What went right, and what went wrong, in Congress last night
Congress was up late last night. First, something that could've gone wrong didn't. The tax deal passed, and despite a day of peculiar haggling over the way the vote would go down, most House Democrats joined with most House Republicans to protect the deal from amendment and pass it through the chamber. It doesn't have to go back to the Senate, a new round of negotiations isn't needed. It's done. But then, something that wasn't supposed to go wrong did. Harry Reid announced he didn't have enough...

Insurgent Democrats slow tax bill in House
WASHINGTON — The House struggled to overcome an uprising by insurgent Democrats late last night and pass an $858 billion package of Tax Cuts and stimulus spending that would save nearly all Americans at least hundreds of dollars. The vote is critical to President Obama, who has made the case for Compromise over complaints from the base of the Democratic Party, which has been pressing him to fight harder and keep a campaign promise to allow Tax Cuts to expire for wealthy Americans. The Sen...

Bill Preventing Big Tax Hikes Heads to Obama
Friday, December 17, 2010 By Stephen Ohlemacher, Associated Press House Speaker Nancy Pelosi of California heads into a Democratic Caucus meeting on Capitol Hill on Thursday, Dec. 16, 2010. Rep. Barney Frank, D-Mass., is at left and Rep. Bob Etheridge, D-N.C., is at center. (AP Photo/Harry Hamburg) Washington (AP) - A massive Bipartisan tax package preventing a big New Year's Day tax hike for millions of Americans is on its way to President Barack Obama for his signature. The measure would ...

Tax-cut deal wins final OK
WASHINGTON — The House passed an $858 billion package of extended Tax Cuts and stimulus spending late last night, saving at least hundreds of dollars for nearly all Americans and heralding the first broad Bipartisan Compromise of the Obama presidency. The 277-to-148 vote was a political victory for President Obama, who made the case for Compromise over complaints from the base of the Democratic Party. Some longtime Obama backers fought the president’s deal late into the night, conte...

Unemployment extension, tax cuts pass U.S. House
The U.S. House of Representatives passed President Barack Obama’s Compromise bill to extend the Bush-era Tax Cuts in full for two years and federal Unemployment Benefits for one year late Thursday night after first rejecting an amendment to change the Estate Tax provisions of the agreement. In an unusual split for Iowa’s delegation, Democratic U.S. Reps. Leonard Boswell and Dave Loebsack joined Republican Tom Latham to support the bill, with Democrat Bruce Braley and Republican Steve...

Romney - Why tax cut is a bad deal
Death and taxes, it is said, are life's only two certainties. But in the wake of President Obama's tax Compromise with congressional Republicans, only death retains the status of certainty: The future for taxes has been left up in the air. And uncertainty is not a friend of investment, growth and job creation. The deal has several key features. It reduces Payroll taxes, extends Unemployment Benefits and keeps current Tax Rates intact. So far, so good. But intermixed with the benefits are conside...

U.S. Congress passes Obama tax deal
WASHINGTON (Reuters) - The U.S. Congress gave final approval late on Thursday to the deal President Barack Obama and Republicans made to extend expiring Tax Cuts -- a high-stakes gamble to create jobs at a cost of deepening the U.S. Debt. U.S. President Barack Obama delivers a statement on the Afghanistan-Pakistan Annual Review from the White House Briefing Room in Washington December 16, 2010. (REUTERS/Kevin Lamarque) Over objections from many of Obama's fellow Democrats, the House of Represent...