Bipartisan House passes US tax deal as next fight looms | Bangkok Post: news

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Bipartisan House passes US tax deal as next fight looms

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WASHINGTON -- The United States House of Representatives passed a bill undoing income tax increases for more than 99% of households, giving a victory to President Barack Obama even as Republicans vowed to fight him in coming weeks to get spending cuts in exchange for raising the debt ceiling. 

The 257-167 vote, on Tuesday night (US time), capped a tension-filled day as Republicans balked at a bipartisan Senate measure. House Speaker John Boehner ordered a vote even though 151 of 236 Republicans, including Majority Leader Eric Cantor, ultimately voted no. Mr Obama said he would sign the bill into law.

"The deficit needs to be reduced in a way that's balanced," Mr Obama said at the White House. He said he wants top earners and corporations to pay even more and that Congress must raise the debt ceiling. "Everyone pays their fair share. Everyone does their part," he said.

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