House Republicans Defeat Bill To Extend Bush Tax Cuts On Income Below $250K

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"House Republicans Defeat Bill To Extend Bush Tax Cuts On Income Below $250K"

House Republicans today — by a vote of 170 to 257 — defeated a Democratic proposal to end the Bush tax cuts on income above $250,000. 19 Democrats joined all the Republicans in voting down the bill. The House Republican plan would instead extend all of the Bush tax cuts, as well as fast-track “tax reform” that includes more giveaways to the wealthy and corporations.

Update

The House did vote to extend Bush-era tax cuts for one year by a vote of 256 to 171. 19 Democrats supported the measure, 1 Republican opposed it.

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