From the Washington Times - Staving off the largest tax increase in history, lawmakers Friday morning passed President Obama's tax-cut deal with Republicans through the House after fending off a last-minute effort to increase the estate tax beyond what was proposed. The House voted 277-148 to send the plan to Mr. Obama for his signature - all-but ending one of the longest running stalemates on Capitol Hill.
The result followed a long day in which Democrats struggled to overcome the anger of their most liberal members and where both parties griped about the plan's shortcomings, including its impact on the soaring national debt. But enough lawmakers eventually agreed that allowing tax cuts to expire was simply too risky for the economy and would possibly jeopardize the nation's climb out of the recession. "I will vote for this bill because I don't want to see middle-income working people in America get a tax increase because I think that will be a depressant on an economy that needs to be lifted up," House Majority Leader Steny H. Hoyer, Maryland Democrat, told his colleagues. "I believe that folks need certainty." Read full story here:
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