January 1st, 2013
10:27 AM ET

Cantor: No decision on whether House will vote Tuesday on fiscal cliff deal

The Senate did its part, so will the House follow suit today and pass a fiscal cliff package?

So far, the answer is, we really don't know.

House Majority Leader Eric Cantor's office says there's no decision yet on whether the House will vote today on the fiscal cliff deal passed by the Senate.

The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the middle of the night, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. Technically, it would reinstate cuts that expired at midnight.

The bill temporarily extends certain tax breaks, such as the one for college tuition, while making new tax rates permanent.

It would mark the first time in two decades that tax rates jump for the wealthiest Americans - giving some bragging rights to President Barack Obama, who has long insisted on such a move.

But it also leaves him breaking a promise. The president had vowed to raise tax rates for the top-earning 2% of Americans, including those with household income above $250,000.

You can follow the latest developments on the fiscal cliff deal on our Political Ticker blog.

soundoff (25 Responses)
  1. Joey Isotta-Fraschini ©™

    There's no business like show business except politics.

    January 1, 2013 at 4:27 pm | Report abuse |
  2. chrissy

    Lol @ Joey, isnt politics more like animal trainihg?

    January 1, 2013 at 5:01 pm | Report abuse |
  3. chrissy

    Oops meant training.

    January 1, 2013 at 5:02 pm | Report abuse |
  4. saywhat

    "stop whining and take what you get" sums it up.
    We the people are those who let things come to this. Watching these clowns feed off of our land , squander its treasure on wars, unashamedly feed our tax dollars to 'allies', pamper and fatten Big business, kowtow to super rich, lobbies and special interest , our pitiful whimpers not even reaching their ears.
    Our obeisance is taken for granted.

    January 1, 2013 at 6:42 pm | Report abuse |
  5. saywhat

    Hope the new year has more joys and blissful surprises for you and loved ones than disappointments. May all friends be safe and prosper.

    January 1, 2013 at 7:00 pm | Report abuse |
  6. wjmccartan

    Let's see the senate with lots of oldies still in the house can stay up all night and get things done, but congress needs a couple of days to think about it, hmmm. Yup the middle class is going to get screwed.

    January 1, 2013 at 7:43 pm | Report abuse |
  7. chrissy

    @ wjcmmcartan, isnt that how it ALWAYS works? Business as usual! Congress is definitely underworked and overpaid!

    January 1, 2013 at 8:23 pm | Report abuse |
  8. chrissy

    Sorry about mis spelling your name btw. Purely unintentional.

    January 1, 2013 at 8:26 pm | Report abuse |
  9. the prophet

    Please let guess he is a retired CIA operative who has more connections than the US Government, is how ironic if it wasn't Americans go to work to make Government money, we all get arrested for not working

    January 10, 2013 at 1:17 pm | Report abuse |
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