Cantor: No Vote Schedule, GOP Caucus Meeting to Mull Deal

Tuesday, 01 Jan 2013 11:17 AM

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House Majority Leader Eric Cantor's office says there's no decision yet on whether the House will vote Tuesday on the fiscal cliff deal passed by the Senate early on New Year's Day.

Rather, Cantor, House Speaker John Boehner and members of the Republican caucus will meet Tuesday afternoon to discuss "a path forward" after Senate passage of a bipartisan "fiscal cliff" bill, a senior aide told CNN and Reuters.

The meeting could help Republicans leaders decide when to begin consideration of the White House-backed measure. A vote could come as soon as later in the day, but could be put off until Wednesday or beyond.

The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the middle of the night, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. Technically, it would reinstate cuts that expired at midnight.

The bill temporarily extends certain tax breaks, such as the one for college tuition, while making new tax rates permanent.

It would mark the first time since the administration of George H.W. Bush that tax rates jump for the wealthiest Americans.


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