House Votes on Spending Measure, But Not Taxes
The U.S. House was expected to vote on two measures aimed at averting the fiscal cliff Thursday. Legislation to replace cuts to defense and domestic spending with cuts in other parts of the budget was narrowly passed 215 to 209. Congressional Quarterly reported that the spending bill would cancel the across-the-board cuts set to start in two weeks and substitute 300-billion dollars in cuts to mandatory spending during the next decade along with 19-billion in unspecified cuts to domestic spending during the final six months of this budget year. The vote on the second measure - Speaker John Boehner's plan to extend tax cuts on income up to a million dollars - was called off. He reportedly could not come up with enough Republican votes to pass the measure. A statement from the Speaker's office said it is now up to the President to work with Senator Reid on legislation to avert the fiscal cliff. It went on to say that the House has passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation's crippling debt. Finally - the Senate was urged to act.
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