House Approves Senate's Fiscal Cliff Deal
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House Approves Senate’s Fiscal Cliff Deal
By Dana Bash, Dana Ford, and Josh Levs
The House of Representatives voted Tuesday night to approve a Senate bill to avert a feared fiscal cliff.
The measure that sought to maintain tax cuts for most Americans but increase rates on the wealthy passed the Democratic-led Senate overwhelmingly early in the day.
There was discussion about amending the Senate bill by adding spending cuts, but in the end, House lawmakers voted on the bill as written — a so-called up or down vote.
The legislation would raise roughly $600 billion in new revenues over 10 years, according to various estimates.
“I’d say let’s take the Senate deal, fight another day,” Rep. Tom Cole, R-Oklahoma, told CNN before the House vote. He predicted the House would pass the bill with a “pretty strong bipartisan majority.”
