Tax package heads toward high stakes vote in House

Tax Package Heads Toward High Stakes Vote in House
WASHINGTON — Despite a delay, the White House pushed hard Thursday for the House to pass a tax package that would save millions of Americans thousands of dollars in higher taxes beginning Jan. 1. Some Democratic lawmakers are seeking changes to the package that could derail the bill. Democratic leaders are staying hands-off, leaving it to President Barack Obama to persuade fellow Democrats not to put the package at risk by imposing a higher Estate Tax than he negotiated with Republicans....

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...

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...

Tax package heads toward high stakes vote in House
Senate Minority Leader Mitch McConnell of Ky., walks on Capitol Hill in Washington Wednesday, Dec. 15, 2010. A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy. House Democratic leaders plan to pass the bill Thursday. But first, they will hold a vote on imposing a higher Estate Tax than the one negotiated by President Barack Obama. The ...

Tax package heads toward high stakes vote in House
WASHINGTON (AP) — A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy. House Democratic leaders plan to pass the bill Thursday. But first, they will hold a vote on imposing a higher Estate Tax than the one negotiated by President Barack Obama. The Senate overwhelmingly passed the package Wednesday, with broad Bipartisan support. Now...

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...

Tax package heads toward high stakes vote in House
WASHINGTON — Despite a delay, the White House pushed hard Thursday for the House to pass a tax package that would save millions of Americans thousands of dollars in higher taxes beginning Jan. 1. Some Democratic lawmakers are seeking changes to the package that could derail the bill. Democratic leaders are staying hands-off, leaving it to President Barack Obama to persuade fellow Democrats not to put the package at risk by imposing a higher Estate Tax than he negotiated with Republicans. "...

Congress passes extension of Bush-era tax cuts
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. 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 ...

Congressman Jared Polis - the story behind the story on the tax compromise bill
Congressman Polis was kind enough to talk to me last night and explain what was going on behind the scenes on the tax Compromise bill from the Democratic House perspective. It's a fascinating story with several parts posturing, several parts negotiating, and a sprinkling of making a point. It's not politics as we learn it in the textbooks, but it is politics as it is actually practiced. And thank you to Jared for laying out what was actually going on. (I think how Jared and others in the House h...

House passes tax package
House Majority Leader Steny Hoyer, D-Md., right, speaks to reporters Thursday before the House was to vote on the tax package. (Brendan Smialowski, Getty Images) Sen. Udall votes 'no' on extending Tax Cuts WASHINGTON — Acting with uncommon speed, Congress sent President Barack Obama sweeping, Bipartisan Legislation late Thursday to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for Victims of the worst Recession in 80 years. The measure also will cut Social Se...

House Democrats Vow to Resolve Procedural Impasse, Bring Tax Bill Up for Debate
Dec. 15: House Speaker Nancy Pelosi is flanked by Rep. Barney Frank, left, and Rep. Patrick Murphy during a news conference on Capitol Hill. House Democratic leaders on Thursday quelled an uprising among liberals over procedural issues with the massive Tax Cut package that was negotiated by the White House and Republicans. Democratic leaders emerged from an evening Caucus meeting Thursday, saying they were on track for a vote by the end of the night and started debate on the package later in the...

House passes president's tax-cut compromise
(12-16) 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 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...

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...

House Tax Cut Vote Set To Go Down On White House-GOP Proposal
WASHINGTON — A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy. House Democratic leaders plan to pass the bill Thursday. But first, they will hold a vote on imposing a higher Estate Tax than the one negotiated by President Barack Obama. The Senate overwhelmingly passed the package Wednesday, with broad Bipartisan support. Now, O...

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 nears passage of $858 billion tax-cut bill
WASHINGTON — A reluctant House of Representatives moved Thursday toward a final late-night vote on sweeping tax Legislation aimed at boosting the nation's struggling economy. House passage appeared likely and would send the historic $858 billion measure to President Barack Obama for his signature. The bill would prevent taxes from rising as scheduled on virtually all Americans on Jan. 1, extend jobless benefits for the long-term unemployed and put more money into workers' pockets...

House passes tax cuts and unemployment extension
San Diegans earning an average $62,000 a year have room in the Budget to spend during Christmas and plan for next year. The late rally to keep Middle Class tax bills low and the unemployed covered by Insurance ended in Washington D.C. Thursday, December 16, with a Bipartisan 277 to 148 vote on the Middle Class Tax Cut Act at midnight.  The San Diego representatives Susan Davis, Brian Bilbray, Duncan Hunter and Darrell Issa approved the relief deal. Only Democrat Bob Filner voted against. On...

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...

Tax package heads toward high stakes vote in House
WASHINGTON—The White House is pushing hard for the House to pass a tax package Thursday that would save millions of Americans thousands of dollars in higher taxes beginning Jan. 1. Some Democratic lawmakers are seeking changes to the package that could derail the bill. Democratic leaders are staying hands-off, leaving it to President Barack Obama to persuade fellow Democrats not to put the package at risk by imposing a higher Estate Tax than he negotiated with Republicans. "I think the p...

What the New Tax Bill Deal Means for You
Despite objections raised by Democrats, and a lengthy delay of the final vote until late Thursday, the House of Representatives has passed an extension of the Bush-era Tax Cuts, keeping Payroll Tax rates for all wage earners at current levels. The $858 billion bill, a product of negotiations between President Obama and Republican lawmakers in the Senate, also continues a cut in Social Security taxes. That means you'll continue to bring home more in your paycheck. The tax-cut plan extends thro...

House passes tax cut package; 277-148
Acting with uncommon speed, Congress sent President Barack Obama sweeping, Bipartisan Legislation late Thursday night to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for Victims of the worst Recession in 80 years. The measure also will cut Social Security taxes for nearly every wage-earner and pump billions of dollars into the still-sluggish economy. The 277-148 vote came the day after the Senate cleared the bill, 81-19. The Legislation was the result of a reach a...

Two Years of Tax Cuts for One Year of Unemployment Insurance. Nothing for the 99ers
The Democrats’ epic cave-in on the Bush Tax Cuts is now complete. Late Thursday night, by a vote of 277-148, the House of Representatives approved a deal brokered by President Obama and congressional Republicans to extend, for two years, the Bush Tax Cuts for all income levels in exchange for a one-year extension of the filing deadline for federal Unemployment Insurance. Because the version passed by the House is identical to the bill passed by the Senate earlier this week, it will be sent...

Tax Compromise Heads Toward Make-or-Break Vote in House
Thursday, December 16, 2010 By Stephen Ohlemacher, Associated Press Sen. Jim DeMint, R-S.C., walks near the floor of the Senate during the vote on tax Legislation on Wednesday, Dec. 15, 2010. (AP Photo) Washington (AP) - A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy. House Democratic leaders plan to pass the bill Thursday. But ...