(Image source: C-SPAN)

BY CHRISTINA HARTMAN
ANCHOR BRICE SANDER

Finally. Following the Senate the House passed a fiscal cliff bill that stops tax hikes for most American taxpayers.

VIA THE WASHINGTON POST: “On this vote the yeas are 257 the nays are 167. The motion is adopted without objection a motion to reconsider is laid on the table.”

The measure, negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell — passed the Senate early Tuesday morning, putting pressure on the House to do the same. Here’s what the bill does:

- Tax hikes for $450,000+ households
- 2-month spending cuts delay
- Jobless benefits extension
- Stops Medicare doctors pay cut

Tuesday afternoon House Majority Leader Eric Cantor said he was opposed to the bill. House Republicans wanted spending cuts added.

But the bill’s passage in the House is the last step since President Obama has already indicated he’d sign it into law.

But there are bigger fights ahead, because the debt ceiling is still unresolved.

Perhaps anticipating that, President Obama said in a statement AFTER the vote:

OBAMA, VIA THE WHITE HOUSE LIVESTREAM: “I will not have another debate with this Congress over whether they should pay the bills for what they've racked up.”

Still, it’s a fight South Carolina Republican Lindsey Graham told fellow conservatives to “save their powder” for.

House Approves Fiscal Cliff Bill Despite High Drama

by Christina Hartman
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Transcript
Jan 1, 2013

House Approves Fiscal Cliff Bill Despite High Drama

(Image source: C-SPAN)

BY CHRISTINA HARTMAN
ANCHOR BRICE SANDER

Finally. Following the Senate the House passed a fiscal cliff bill that stops tax hikes for most American taxpayers.

VIA THE WASHINGTON POST: “On this vote the yeas are 257 the nays are 167. The motion is adopted without objection a motion to reconsider is laid on the table.”

The measure, negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell — passed the Senate early Tuesday morning, putting pressure on the House to do the same. Here’s what the bill does:

- Tax hikes for $450,000+ households
- 2-month spending cuts delay
- Jobless benefits extension
- Stops Medicare doctors pay cut

Tuesday afternoon House Majority Leader Eric Cantor said he was opposed to the bill. House Republicans wanted spending cuts added.

But the bill’s passage in the House is the last step since President Obama has already indicated he’d sign it into law.

But there are bigger fights ahead, because the debt ceiling is still unresolved.

Perhaps anticipating that, President Obama said in a statement AFTER the vote:

OBAMA, VIA THE WHITE HOUSE LIVESTREAM: “I will not have another debate with this Congress over whether they should pay the bills for what they've racked up.”

Still, it’s a fight South Carolina Republican Lindsey Graham told fellow conservatives to “save their powder” for.

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