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12:56
Obama tax package debate moves to House – deal or no deal?
The tax compromise hashed out between GOP lawmakers and President Obama passed a Senate procedural vote yesterday and is headed towards final approval today. Liberal Democrats in the House have threatened to fight the deal over extending the Bush-era tax cuts for the wealthiest Americans. But now Democratic leaders are saying they may settle for changes in the estate tax. What can be expected from House lawmakers to get the deal done? And is this bill likely to pass?
The tax compromise hashed out between GOP lawmakers and President Obama passed a Senate procedural vote yesterday and is headed towards final approval today. Liberal Democrats in the House have threatened to fight the deal over extending the Bush-era tax cuts for the wealthiest Americans. But now Democratic leaders are saying they may settle for changes in the estate tax. What can be expected from House lawmakers to get the deal done? And is this bill likely to pass?
Guest:
Doyle McManus, Washington Columnist for the Los Angeles Times, covering national and international politics