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Friday
Dec172010

House Passes Tax Cuts Extension

Photo Courtesy - Getty Images(WASHINGTON) -- After months of heated debate and White House negotiations, the House of Representatives late Thursday night passed the $858 billion tax cuts package, including a two-year extension on all of the Bush-era tax cuts, a 13-month extension for unemployment insurance benefits, and approval of the controversial estate tax break that gives 6,600 families a break worth $23 billion.
 
The compromise that President Obama negotiated with GOP leaders in Congress passed by a healthy, bipartisan vote of 277-148, with more Democrats actually voting for the deal than Republicans, 139 to 138, respectively.

The bill now heads to the White House for President Obama’s signature.
 
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