House approves $622B tax plan

By Naomi Jagoda and Cristina Marcos, The Hill.

The House on Thursday passed a sweeping $622 billion tax package, the first of two massive end-of-year measures Congress is using to conclude this week.

The "tax extenders" bill was approved in a 318-109 vote, with 241 Republicans joining 77 Democrats in backing the measure.

Only 3 Republicans (Reps. Justin Amash (Mich.), Chris Collins (N.Y.) and Walter Jones (N.C.)) voted against the bill, which permanently renews a range of tax provisions following years of short-term extensions while extending other tax breaks through 2016 or 2019.

Read more...