The House voted 257 to 167 late Tuesday to halt the nation’s tumble over the fiscal cliff by agreeing to a Senate-passed measure that restores the barely expired Bush-era tax cuts for most people while raising taxes on high earners.
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The vote also postpones a cascade of massive reductions in domestic and military spending.
“This is a great victory for the middle class, whose taxes will not go up tomorrow,” declared Rep. Marcy Kaptur, a Democrat whose Ohio district suffers from a struggling economy and an 8.2 percent unemployment rate.
While lawmakers acknowledged the agreement will spare the economy potential damage, the measure is far from the sweeping deal both parties had hoped to accomplish.
Read more at The Washington Examiner.
