Top Stories
(2010-12-14)
The Capitol building is seen at sunrise on Capitol Hill in Washington
It's on track for quick Senate passage -- but the tax package that was negotiated by President Barack Obama and congressional Republicans may not emerge from the House without a change or two.
House Democrats have made it clear that they want to make the estate tax provisions less generous to the rich.
A Senate vote yesterday showed that the plan has widespread support there. It advanced by a vote of 83-15, and could win final Senate approval today.
House Democrats are scheduled to meet this evening to discuss it.
Obama says the Senate vote proves both parties can work together.
The president reached the compromise with Republicans after they insisted that all Bush-era tax cuts be extended. Under the agreement, expiring income tax rates for all taxpayers would continue for two years. © Copyright 2012, Associated Press
Newsletters and Daily Email
Podcasts
Mobile
RSS
