House Votes To Extend Bush Tax Cuts For All
On Wednesday, the House voted to extend the Bush tax cuts across all income levels. The House rejected a bill sponsored by Democrats that would deny the tax cuts to incomes above $250,000.
Nineteen Democrats joined all but one lone Republican to extend the Bush tax cuts, which passed 256-171.
The Senate bill, which would only extend the tax cuts to income below $200,000 for individuals or $250,000 for families, was defeated in the House, 170-257.