House Votes to Extend Bush Tax Cuts for All

Symbolic move certain to die in Senate
By Rob Quinn,  Newser Staff
Posted Aug 2, 2012 12:24 AM CDT
Updated Aug 2, 2012 2:00 AM CDT
House Votes to Extend Bush Tax Cuts
"I know we’re in an election year, but my goodness, raising taxes at this point in this economy is a very big mistake," said House Speaker John Boehner.   (AP Photo/J. Scott Applewhite)

Congressional leaders have launched more partisan back-and-forth on the way to the edge of the fiscal cliff. The House, voting largely along party lines, has approved a one-year extension of all the Bush tax cuts due to expire in January, reports the New York Times. The plan passed 256-171, with 20 Democrats joining Republicans in voting for it. The House rejected a rival Senate plan that would let the tax cuts expire for the richest Americans by a similar margin, and the House plan has no chance of passing the Senate. Both plans are seen as political point-scoring by leaders of both parties instead of a serious effort to reach a deal before the cuts expire. (More fiscal cliff stories.)

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