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December 19, 2012

House GOP pushes tax cut legislation forward

House of Representatives Republicans are taking steps to assure two votes on taxes Thursday, as they posted legislation offering different ways of stopping parts of the tax increases due next year.

One measure would retain current income tax rates for everyone except those earning more than $1 million. The other would retain the rates only for households with incomes of less than $250,000.

Both are seen as garnering little Democratic support, but Republicans are likely to embrace at least one of the measures.

The votes are expected Thursday; rules for the debate are expected to be set Wednesday.

Here are the measures: http://www.rules.house.gov/Legislation/legislationDetails.aspx?NewsID=978

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