m$nbc.com....Way cleared for tax cut bill; energy breaks added

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WASHINGTON — The White House and key lawmakers in both parties cleared the way Thursday night for swift Senate action to avert a Jan. 1 spike in income taxes for most Americans, agreeing to renew expiring breaks for ethanol and other forms of alternative energy.

Tax provisions aimed at increasing production of hybrid automobiles, biodiesel fuel, energy-efficient homes, coal and energy-efficient household appliances would be extended through the end of 2011 under the bill, according to a summary that circulated in Congress.

Majority Leader Reid told NBC News he will call for cloture to begin debate on the president's tax cut compromise Monday. The vote is expected at 3 p.m. and may be held open for a few hours if senators are traveling back from home states.

The events unfolded as the White House predicted that the deal President Barack Obama struck with top Republicans would clear by year's end — even though House Democrats voted Thursday not to allow it to reach the floor without changes to scale back tax relief for the rich.

http://www.msnbc.msn.com/id/40593919/ns/politics-capitol_hill/

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1. They add more deficits to it, astounding. n/t