Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

House Approves Extending All Bush-Era Tax Cuts House Approves Extending All Bush-Era Tax Cuts

NEXT :
This ad will end in seconds
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Power

House Approves Extending All Bush-Era Tax Cuts

+

Boehner's picks: Rep. Dave Camp, R-Mich. Camp is chairman of the powerful House Ways and Means Committee.(PABLO MARTINEZ MONSIVAIS/AP, FILE)

House Republicans on Wednesday approved a bill to extend all of the Bush-era tax cuts.

The 256-171 vote -- mostly along party lines -- came after the GOP fended off a Democratic alternative, passed by the Senate last week, to only extend the cuts for households that make less than $250,000 annually.

One Republican, Rep. Tim Johnson of Illinois, voted against the GOP plan, while 20 Democrats voted for it.

The dueling proposals mean Congress breaks for the August recess at a stalemate with nothing likely to be settled until after November's elections. 

"The tax code is so complex, with 5,000 changes over the last decade. It's ten times larger than the bible with none of the good news," said Rep. Dave Camp, R-Mich. "The choice Republicans have made is to pass this bill and work toward comprehensive tax reforms."

House Democratic Leader Nancy Pelosi criticized the GOP plan for sending a message that "not only do we want to give 100 percent of the American people a tax cut, but a bigger and better tax cut to 2 percent of the American people," she said on the House floor. "In order to do that, we greatly increase the deficit, which would incur borrowing from other countries."

Cory Bennett contributed. 

Don't Miss Today's Top Stories

Excellent!"

Rick, Executive Director for Policy

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

I find them informative and appreciate the daily news updates and enjoy the humor as well."

Richard, VP of Government Affairs

Chock full of usable information on today's issues. "

Michael, Executive Director

Sign up form for the newsletter
MORE NATIONAL JOURNAL