Senate Passes $858 Bllion Tax Cut Compromise, Sends Bill On to House

[Hissyspit]

Source: Reuters

Senate passes $858 billion tax-cut bill
Wed Dec 15, 2010 1:40pm EST

By Kim Dixon and Richard Cowan

WASHINGTON (Reuters) - A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate on Wednesday.

Senators voted 81 to 19 to pass the bill, with Republicans and Democrats backing the tax breaks in a rare show of bipartisan support.

The drama now moves to the House of Representatives, where many of Obama's fellow Democrats are still angry with him for cutting the deal with Republicans without them.

Still, most House Republicans are expected to back the bill and Democrats in that chamber are becoming more resigned to passage of the $858 billion package, which is expected to boost economic growth next year but add to the budget deficit.

Read more: http://us.mobile.reuters.com/article/idUSTRE6A44K020101215?ca=rdt