House will vote on Senate-passed 'cliff' bill

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Posted: Jan 1, 2013 8:17 PM
Updated: Jan 1, 2013 8:17 PM
Source: Associated Press

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Topics: Republicans, spending cuts, vote, House of Representatives, Senate, fiscal cliff, tax increase, Democrats, tax cut, WBRZ

WASHINGTON - Republicans are dropping their demands for additional spending cuts and will hold a House vote on whether to give final congressional approval to the Senate-approved compromise averting "fiscal cliff" tax increases and spending cuts.

The House vote was expected Tuesday evening.

A decision by the Republican-run House to amend the Senate-passed bill would have complicated prospects for final congressional passage of the measure. Senate Democratic aides have said the Democratic-led Senate, which overwhelmingly approved the compromise early Tuesday, would not return to vote on an amended version of the measure.

The measure would allow tax increases on the highest-earning Americans, but retain decade-old income tax cuts for everyone else.

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