Senate Passes 'Fiscal Cliff' Compromise 89-8

From ThinkProgress Tue Jan 1 2013, 13:37:44

In an 89-8 vote after 2 am, the U.S. Senate endorsed the bipartisan compromise negotiated Monday to avoid the so-called "fiscal cliff." The agreement allows the Bush-era tax cuts for family incomes beyond $450,000 annually to expire, slightly increases the estate tax rate (but also indexes the exemption to inflation), postpones the sequestration budget cuts [...]

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