House Votes to Extend Bush Tax Cuts for Everyone

House Votes to Extend Bush Tax Cuts for Everyone
News
Wednesday, August 1, 2012 - 7:07pm

WASHINGTON, D.C. - Today, the U-S House rejected one plan and approved another on tax cuts.

Lawmakers passed the Republican plan to maintain the Bush era tax cuts for all Americans.

House Republicans and more than a dozen Democrats passed the G-O-P measure by a 256-to-171 margin.

It ditched the Democrat-backed and Senate-approved version that kept tax cuts only for people making under 200-thousand-dollars a year.

The congressional stalemate over the tax cuts has come to symbolize legislative inaction in Washington.

Normally, a congressional conference committee would negotiate a compromise, but the November election has likely put a hold on that.

Both sides say they agree on extending the lower tax rates for middle-income Americans.
 

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