Update: House Will Vote To Avoid Fiscal Cliff
by KDLT News
January 01, 2013 8:05 PM
There will be a vote Tuesday night in the house on legilation that was passed in the senate to avoid the so-called fiscal cliff.
The House Rules Committee cleared the way Tuesday night for the measure to be brought to the house floor. Rules Committee Chairman David Dreier predicts the house will approve the measure with bipartisan support, but he declined to say how many Republicans will back it.
The proposal would allow taxes to increase on individual income over 400-thousand dollars and household income over 450-thousand dollars, while delating a series of spending cuts for two months.