Tax bill heads to House for hotly-contested vote

House Resumes Debate on Tax-Cut Bill
The House Representatives, after a dispute among Democrats, on Thursday headed toward anticipated passage of the tax deal that President Barack Obama struck with Republicans that would likely boost The Economy but also deepen the Deficit. Democratic leaders hoped to approve the bill later on Thursday or early on Friday, after the bill snagged in a disagreement over how Liberal Democrats could vent their Disapproval of elements of the deal that they say are too favorable to the rich. The $858 bil...

House vote makes nod for tax bill seem likely
With the largest Tax Increase in history looming, House Democratic leaders were struggling late Thursday to try to find an outlet for the anger of their most liberal members while still delivering on President Obama's deal with Republicans to extend the expiring Tax Cuts. In an early test vote, the House cleared the way for the debate, voting 214-201 to back a framework that likely cleared the way for passage late Thursday night. "I don't like this bill. I don't know of anyone who stood up and s...

House passes Obama's huge tax-cut bill
(12-17) 04:00 PST Washington - -- Enraging the liberal wing of his party, President Obama won the biggest Bipartisan victory of his presidency Thursday as the House passed his $858 billion, two-year Compromise with Republicans that temporarily extends all the Bush-era Tax Cuts and Unemployment Insurance. Furious Democrats - who in one of their last acts in the House majority found themselves extending the policies of former President George W. Bush - delayed passage until late in the evening, ...

House passes Obama's huge tax-cut bill
(12-17) 04:00 PST Washington - -- Enraging the liberal wing of his party, President Obama won the biggest Bipartisan victory of his presidency Thursday as the House passed his $858 billion, two-year Compromise with Republicans that temporarily extends all the Bush-era Tax Cuts and Unemployment Insurance. Furious Democrats - who in one of their last acts in the House majority found themselves extending the policies of former President George W. Bush - delayed passage until late in the evening, ...

House passes Obama's huge tax-cut bill
(12-17) 04:00 PST Washington - -- Enraging the liberal wing of his party, President Obama won the biggest Bipartisan victory of his presidency Thursday as the House passed his $858 billion, two-year Compromise with Republicans that temporarily extends all the Bush-era Tax Cuts and Unemployment Insurance. Furious Democrats - who in one of their last acts in the House majority found themselves extending the policies of former President George W. Bush - delayed passage until late in the evening, ...

Tax cut deal passes heads, heads to President Obama's desk
On the upside, the President's Tax Cut deal provides 13 months of Unemployment Insurance benefits, extends middle-class tax cuts, delivers targeted tax incentives for increased business spending including in the energy sector, and adds on top of that $120 billion in temporary tax cuts that are sure to have a stimulative effect. On the downside, Republicans refused to allow the Tax Cut deal to go forward without continuing the irresponsible Bush tax cuts for the wealthy, including an egregious s...

Bill preventing big 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 measur...

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 ...

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...

House Roll Call: Bill to extend tax cuts
The 277-148 roll call Friday by which the House passed a bill to avoid a Jan. 1 spike in income taxes, renew jobless benefits and cut Social Security taxes. A "yes" vote is a vote to pass the measure. Voting yes were 139 Democrats and 138 Republicans. Voting no were 112 Democrats and 36 Republicans. X denotes those not voting. There is 1 vacancy in the 435-member House. House sends Obama bill to avoid Jan. 1 tax hikes...

House passes $858 billion tax cut, stimulus bill
Search our databases WASHINGTON — A reluctant House of Representatives late Thursday voted 277-148 to approve sweeping tax Legislation aimed at boosting the nation’s struggling economy. The vote, just before the stroke of midnight, follows overwhelming Senate approval Wednesday and sends the historic $858 billion measure to President Barack Obama for his signature. The bill will prevent taxes from rising as scheduled on virtually all Americans on Jan. 1, extend jobless benefits for the lon...

House passes Senate Tax Bill now awaits Presidents signature
The House just held a final vote to past the Senate Tax Bill (which passed yesterday), the House passed the Bill by a vote of 277-148. The Senate tax Bill was brokered by President Obama and Republican Senate Minority Leader Mitch McConnell earlier this month after the Republicans held 2 million unemployed Americans hostage as their Unemployment Benefits were set to expire around Christmas Day. The Republicans also held millions of Middle Class working American families hostage as well by saying...

Bill preventing big tax hikes heads to Obama
WASHINGTON (AP) - A massive Bipartisan tax package that prevents 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...

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...

US Congress passes contentious Obama tax deal (AFP)
WASHINGTON (AFP) – US lawmakers gave final approval to President Barack Obama's contentious deal with Republicans to avert a New Year's tax hike and extend aid to the jobless, despite a Democratic rebellion. A day after the Senate passed the package by an 81-19 margin, the House of Representatives followed suit 277-148, sending the measure to Obama to sign and reap a restorative Bipartisan victory six weeks after an Elections rout. The 858-billion-dollar measure was expected to g...

US tax cuts given final approval
US MPs have given final approval to President Barack Obama's contentious deal with Republicans to avert a New Year's tax hike and extend aid to the jobless, despite a Democratic rebellion. A day after the US Senate passed the package by an 81-19 margin, the House of Representatives followed suit 277-148, sending the measure to Obama to sign and reap a restorative Bipartisan victory six weeks after an Elections rout. The $US858 billion ($A869.3 billion) measure was expected to give the American e...

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 Roll Call: Bill to extend tax cuts
The 277-148 roll call Friday by which the House passed a bill to avoid a Jan. 1 spike in income taxes, renew jobless benefits and cut Social Security taxes. A “yes” vote is a vote to pass the measure. Voting yes were 139 Democrats and 138 Republicans. Voting no were 112 Democrats and 36 Republicans. X denotes those not voting. There is 1 vacancy in the 435-member House. Did a CNBC reporter not get his contract renewed for anti-Obama statements? ...

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...

U.S. House Approves Extending Bush-era Tax Cuts
WASHINGTON -- House lawmakers approved a two-year across-the-board extension of Bush-era Tax Cuts just before midnight on Thursday, capping off weeks of furious debate and ensuring that rates won't rise on virtually all Americans come Jan. 1. The bill, already passed by the Senate, now goes to President Barack Obama for signature. It also includes a 2% rollback of Social Security Payroll taxes; extends Unemployment Insurance for 13 months; and brings back the Estate Tax at 35% for two years on e...

The Note: Republicans And Democrats Claim The Winners Circle
By MICHAEL FALCONE and AMY WALTER In the world of Washington politics, it’s often hard to keep score. At first glance, last night’s action on Capitol Hill and the remaining business of the Lame Duck Congress seems like it could amount to a draw for both President Obama and Congressional Republicans. Or is it? The president came out on top when the House, just before midnight on Thursday, passed the Tax Cut deal that the White House and Republican leaders hashed out. The main components i...

House Passes Controversial Tax Legislation
What is this? The Controversial package extends long term Unemployment Benefits to jobless Americans and cuts Social Security taxes for a year. It renews some Bush-era Tax Cuts that were about to expire. AP notes the new expiration date for these Tax Cuts is 2012: right at the end of an election year. It passed the House 278-177, but NPR's Andrea Seabrook tells Morning Edition many Democrats hated it because it didn't require wealthier Americans to pay more in taxes, while Republicans mourned th...

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...

Tax cut deal passes, heads to President Obama's desk
On the upside, the President's Tax Cut deal provides 13 months of Unemployment Insurance benefits, extends middle-class tax cuts, delivers targeted tax incentives for increased business spending including in the energy sector, and adds on top of that $120 billion in temporary tax cuts that are sure to have a stimulative effect. On the downside, Republicans refused to allow the Tax Cut deal to go forward without continuing the irresponsible Bush tax cuts for the wealthy, including an egregious s...

Tax Cut Deal Heads to White House
Politico reports: A tax-cut Compromise between President Barack Obama and congressional Republicans - a harbinger of a new era of divided government in Washington - cleared the House around midnight Thursday, sending the $858 billion bill to the president’s desk. The bill, which passed 277 to 148, provides a two-year extension for all Tax Cuts that were due to expire Dec. 31 - including for families earning more than $250,000 a year — and extends Unemployment I