The U.S. House of Representatives voted to extend Bush-era tax breaks and extend jobless benefits for the long-term unemployed yesterday. The tax-deal was brokered between President Obama and leaders in the House and Senate. The President is expected to sign the bill soon. As The Associated Press reports:
In a remarkable show of bipartisanship, the House gave final approval to the measure just before midnight Thursday, overcoming an attempt by rebellious Democrats who wanted to impose a higher estate tax than the one Obama agreed to. The vote was 277-148.
Republican Congressman Dave Camp of Michigan told USA Today:
Congress made the right decision ... to prevent a job-killing tax hike on Americans and small businesses.
The U.S. Senate had already passed the bill with a 81-19 vote.