House Expected to Pass Fiscal Cliff Bill in Late Night Session

Tuesday, 01 Jan 2013 09:07 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A source close to the House leadership tells Newsmax that Speaker John
Boehner has the votes to pass the Senate compromise tax bill.

The vote will take place Tuesday night and has bipartisan support from the Republican and Democratic caucus.

The Senate bill makes the Bush tax cuts permanent, except for high income earners making over $400,000 a year or couples making $450,000.

Grover Norquist of Americans for Tax Reform has said he supports the
deal, noting its renews 84 percent of the revenue saved by the Bush tax cuts.

If the Republicans would not agree to the compromise bill, all of the Bush
tax cuts would remain expired.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Papal Saints Hailed as 'Heroes to the Jewish People'

Thursday, 24 Apr 2014 11:58 AM

The late Popes John XXIII and John Paul II, who will be made saints on Sunday, did so much to end two millennia of Catho . . .

Historic Canonisation of Two Popes Brings Joy and Controversy

Thursday, 24 Apr 2014 09:44 AM

Two giants of Roman Catholicism in the 20th century will become saints on Sunday at an unprecedented twin canonization t . . .

Pope in Hot Water Over 'Personal' Phone Calls

Thursday, 24 Apr 2014 09:11 AM

Pope Francis's habit of picking up the phone and cold calling people who write to him is landing the Vatican in hot wate . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved