The House is in recess. When the members return, they are expected to begin one hour of debate on H J Res 66, Permanent Tax Relief for Families and Small Business Act. #Fiscalcliff
This measure would permanently extend the Bush-era tax rates for everyone on the first $1 million of earned income. Those earning more than $1 million would pay a higher tax rate.
Earlier tonight, the House passed HR 6684, the “Spending Reduction” bill, by a vote of 215 to 209.The first of two measures related to Speaker John Boehner's "Plan B" tax proposal, HR 6684 would put off the sequestration, or automatic spending cuts, for one year, replacing it with other spending cuts.
House Minority Leader Nancy Pelosi (D-CA) has said that Democrats won't vote for Speaker Boehner's "Plan B" proposal. Senate Majority Leader Harry Reid (D-NV) said he will not bring up the proposal if it passes in the House.