Twenty-three hours into the New Year, the House of Representatives passed a bill to avoid Fiscal Cliff sequestration, taxation and damnation.
The President in speaking after the vote was clear that Congress would not be given a buy in terms of the deficit.
“I won’t have another debate with this Congress over whether or not they should pay the bills they’ve already racked up through the laws that they passed.”
Representatives from both sides of the aisle, prior to the vote spoke in terms of a positive bipartisan effort put forth to avoid the expiration of tax cuts for all Americans. Neither Democrats or Republicans were in agreement with all aspects of HR 8, the Tax Relief Extension Act, that postponed sequestration, raised taxes on individuals making more than $400k, and extended unemployment benefits for 2 million under and unemployed Americans. Testifying as to the immediate need for cuts in spending members from both parties were cognizant of the work ahead.
The bill passed 257-167, with Speaker of the House John Boehner voting in favor, while House Majority Leader Eric Cantor opposed.
House Democrats came out in an overwhelming majority in support of their leadership.