Tax Package Heads to the House

House Speaker Nancy Pelosi
House Speaker Nancy Pelosi

The Associated Press is reporting that 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 that 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 Obama is urging the House to pass it without changes so he can sign it into law. "I know that not every member of Congress likes every piece of this bill, and it includes some provisions that I oppose," Obama said. "But as a whole, this package will grow our economy, create jobs and help middle-class families across the country."

Advertisement

Republicans have said that if any changes are made, the compromise is off. Republicans are very good at bullying and holding people hostage. Democrats are very good at raising a ruckus and then going along with the status quo anyway. The war in Iraq, anyone? It will be interesting to see how this vote plays out.

Read more at Yahoo News.

Share This Story

Get our newsletter

DISCUSSION