The House approved President Obama's sweeping tax-cut compromise at midnight Thursday, preventing tax rates from rising Jan. 1 and sending the president a bipartisan agreement that few could have imagined in deeply polarized Washington.
The vote to accept the $858-billion Senate-passed measure was 277 to 148. Now it goes to the president for his signature, which is expected to be swift. Obama campaigned incessantly for passage despite his opposition to extending the George W. Bush-era lower tax rates across the board, including on family income above $250,000.
http://articles.latimes.com/2010/dec/17/nation/la-na-tax-cuts-20101217
Commentary: This is amazing how the tax cuts have changed over time.
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