Temporary–Tax Relief Act Passes House

The tax compromise bill survived a last minute amendment and was passed by the House last night around midnight eastern time. It will now head to the President, who is expected to sign it today. Nation & World | Bill preventing big tax hikes heads to Obama Fri. |...

House Will Vote on Tax Bill Tonight

At 7:30 PM the House passed a procedural measure that will enable a vote on the compromise tax bill tonight. Earlier in the day Speaker Pelosi had to pull the bill after liberal Democrats balked at the procedure. The procedure that had been settled last night would...

House Will Vote on Change to Estate Tax Provision

House leadership will give liberal Democrats one last chance to amend the estate tax provisions. Under procedure established by the rules committee on Wednesday, this afternoon the House will first vote on an amendment offered by Representative Earl Pomeroy that would...

Senate Approves Tax Bill, Sends to House

As expected the Senate today passed the tax compromise package worked out by President Obama and Senate Republicans. The Senate’s 81-19 vote is a signal to the House to pass it as is. Senate approves legislation extending Bush tax cuts; House Democrats complain about...

Liberals Giving Up Tax Fight

President Obama’s tax compromise with the Senate Republicans “is a fast moving train”, says House Democrat Peter Welch who last week circulated a letter signed by 54 Democrats urging opposition to the deal. Since last week momentum in favor of the plan, including...