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House Passes 'Fiscal Cliff' Bill, Heads To Pres. Desk

11:11 PM, Jan 1, 2013   |    comments
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WASHINGTON -- A  divided Republican House passed the Senate's "fiscal cliff" bill Tuesday night, following a tense day of GOP protests that the plan does not do enough to rein in federal spending.

The final tally was 257-157 in favor of passing the bill.

The legislation to block the "fiscal cliff" is now headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.

The House vote came less than 24 hours after Senate passed the bill.

The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for the president.

It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.

Another provision is designed to prevent a spike in milk prices.

The Associated Press /USA Today

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