Blogs Derek's Tax Blog Senate Approves Tax Bill, Sends to House
As expected the Senate today passed the tax compromise package worked out by President Obama and Senate Republicans. The Senate’s 81-19 vote is a signal to the House to pass it as is. Senate approves legislation extending Bush tax cuts; House Democrats complain about estate tax – KCPQ
Although the outcome in the House is less certain, the tide is moving towards passage. An example of this is Washington State’s own Democratic Representative, Rick Larsen.
"I am as mad as those who have called me in the last week arguing against the deal," Larsen said in a statement. "If this choice was about politics, my decision would be easy: take my anger out on the President, feel better and please the progressive base in the district."
In the end, however, “I have concluded that the needs of the unemployed and the potential for economic growth do outweigh the costs associated with the package."
House Democratic leaders said they expected to bring the bill to the floor on Thursday. They predicted that it would be approved this week, despite calls for amendments from some rank and file members of their caucus. Senate Passes Compromise Tax Plan by Wide Margin - NYTimes.com