House Democratic leaders on Monday said they are preparing to introduce the Senate-passed bill to renew the President George W. Bush-era tax cuts for families earning up to $250,000 as their alternative to the House GOP plan that would extend all the tax cuts.
"I'm introducing the Senate bill in 20 minutes ... we should take it up," said House Ways and Means ranking member Sander Levin, D-Mich., during a Monday conference call with reporters. Levin said he expected the measure to go to the House Rules Committee on Tuesday, noting that if it passed the full House -- unlikely -- it could be signed into law swiftly.
House Majority Leader Eric Cantor, R-Va., said last week that Democrats would be permitted to offer an alternative and both are expected to be voted on later this week.
Not only will Republicans not vote for the Senate bill, it seems Democrats expect to even lose some of their own: "the vast, vast majority will vote for the Senate Democratic plan," Levin said.
Senate passage of the House GOP plan is just as unlikely as the Democratic-led Senate already defeated that proposal when offered by Senate Republicans last week.
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