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
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Michael McCaul Urges Crackdown On Radicalized Islamists in US

Friday, 12 Sep 2014 11:02 AM

Texas Rep. Michael McCaul has warned that the Islamic State is recruiting the "jihadi cool" crowd in America while calli . . .

CIA Triples Estimate of ISIS Fighters: 30,000+

Thursday, 11 Sep 2014 23:35 PM

Islamic State militants in Iraq and Syria now have about 20,000 to 31,500 fighters on the ground, the Central Intelligen . . .

Reid Predicts Unity Behind Obama's Plan

Thursday, 11 Sep 2014 10:44 AM

On the anniversary of the 9-11 attacks, Senate Majority Leader Harry Reid predicted Thursday that lawmakers will put asi . . .

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