Final Senate Vote On Tax Package Today

The Senate is moving Wednesday to pass a tax package that would spare taxpayers at every income level from a significant tax increase on Jan. 1.

The package would then go to the House, where Democrats are fuming over extended tax breaks for the wealthy that President Barack Obama negotiated with Senate Republicans.
House Democrats are considering possible changes, and may hold a vote to enact a higher estate tax than Obama negotiated. But even critics of the package say they expect it to pass as is.

The Senate has scheduled a midday vote on the bill. It is expected to easily pass the Senate with broad bipartisan support after clearing a procedural vote Monday, 83-15.

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