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...

Previous
Previous

Pelosi Questions Support for Deal to Extend Renewable Energy Tax Credits

Next
Next

Spending deal to lift oil export ban