Obama To Sign Tax Bill Today - Spokane, North Idaho News & Weather KHQ.com

Obama To Sign Tax Bill Today

Washington (CNN) -- President Barack Obama plans to sign an $858 billion tax deal into law on Friday afternoon.

The House of Representatives gave final approval late Thursday night to the deal, negotiated by the White House and top Senate Republicans. The final vote of 277-148 had almost equal numbers of Democrats and Republicans in support.

The package includes a two-year extension of the Bush-era tax cuts set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level and continue a series of other tax breaks.

The bill, which cleared the Senate 81-19 on Wednesday, passed despite objections from both the left and the right. However, the pending expiration of the lower tax rates dating back to 2001 created a deadline that forced both sides to accept provisions they had long opposed.

Obama and congressional Democrats yielded in their opposition to extending the lower tax rates to wealthy Americans and also agreed to a lower estate tax than had been scheduled to take effect. In return, Republicans led by Senate Minority Leader Mitch McConnell agreed to extending unemployment benefits along with the payroll tax cut and other tax breaks that conservatives generally oppose as government stimulus measures.

Senate Republicans insisted on all taxpayers getting the same treatment. They used filibusters to block Democratic measures that would have limited the extended tax cuts to individuals earning less than $200,000 a year and families earning less than $250,000 a year, and then those earning less than $1 million a year.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane chef gets stolen car, knife back

    Spokane chef gets stolen car, knife back

    Saturday, October 21 2017 12:25 AM EDT2017-10-21 04:25:18 GMT

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>
  • Spokane police investigating body found in dumpster

    Spokane police investigating body found in dumpster

    Friday, October 20 2017 6:54 PM EDT2017-10-20 22:54:15 GMT

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>
  • Puppy abandoned with heartbreaking note and bag of pizza: 'Please take me home'

    Puppy abandoned with heartbreaking note and bag of pizza: 'Please take me home'

    Friday, October 20 2017 5:32 PM EDT2017-10-20 21:32:35 GMT

    KHQ.COM - Don't Bully Us Rescue Last weekend, Philadelphian Justin Hanley looked outside and saw a puppy tied up to the rail by his front steps. When he went outside to check on the dog, he found she'd been left with a plastic bag containing three slices of pizza, and a note bearing a heartbreaking message: “Please take me home. I’m a girl named Diamond. We can no longer keep her in our home.

    >>

    KHQ.COM - Don't Bully Us Rescue Last weekend, Philadelphian Justin Hanley looked outside and saw a puppy tied up to the rail by his front steps. When he went outside to check on the dog, he found she'd been left with a plastic bag containing three slices of pizza, and a note bearing a heartbreaking message: “Please take me home. I’m a girl named Diamond. We can no longer keep her in our home.

    >>
HD DOPPLER 6i
/