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Senate Votes Overwhelmingly To Avert Fiscal Cliff
The final vote was 89-8.
Opposing the legislation were Democratic Sens. Tom Carper (D-DE), Tom Harkin (D-IA), and Michael Bennet (D-CO) along with Republican Sens. Mike Lee (R-UT), Richard Shelby (D-AL), Rand Paul (R-KY), Chuck Grassley (R-IA), and Marco Rubio (R-FL).
By passing the legislation with overwhelming support from members of both parties, the Senate has handed House Speaker John Boehner (R-OH) responsibility for following suit, and averting the vast majority of the austerity measures in the so-called fiscal cliff.
Just days ago, Boehner was unable to round up sufficient support in the House for legislation that would have locked in the Bush tax cuts for income up to $1 million. The Senate-passed legislation raises significantly more revenue than Boehner’s plan would have, and will provide the Treasury with more than $600 billion than it would have collected over the next 10 years if all the Bush tax cuts had been extended.
For that reason, and because House Minority Leader Nancy Pelosi has held her cards close to her vest, House passage remains unclear. It may require Boehner to break the so-called Hastert rule, that legislation does not come to the floor without the support of more than half of the majority party.
Opposing the legislation were Democratic Sens. Tom Carper (D-DE), Tom Harkin (D-IA), and Michael Bennet (D-CO) along with Republican Sens. Mike Lee (R-UT), Richard Shelby (D-AL), Rand Paul (R-KY), Chuck Grassley (R-IA), and Marco Rubio (R-FL).
By passing the legislation with overwhelming support from members of both parties, the Senate has handed House Speaker John Boehner (R-OH) responsibility for following suit, and averting the vast majority of the austerity measures in the so-called fiscal cliff.
Just days ago, Boehner was unable to round up sufficient support in the House for legislation that would have locked in the Bush tax cuts for income up to $1 million. The Senate-passed legislation raises significantly more revenue than Boehner’s plan would have, and will provide the Treasury with more than $600 billion than it would have collected over the next 10 years if all the Bush tax cuts had been extended.
For that reason, and because House Minority Leader Nancy Pelosi has held her cards close to her vest, House passage remains unclear. It may require Boehner to break the so-called Hastert rule, that legislation does not come to the floor without the support of more than half of the majority party.
http://tpmdc.talkingpointsmemo.com/2013/01/senate-dems-vote-overwhelmingly-to-avert-fiscal-cliff.php
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