02 August, 2012

CNN Breaking News

The U.S. House voted to reject a Democratic proposal to extend lower tax rates for middle-income Americans and passed a GOP plan to maintain the lower rates for everyone.

The U.S. Senate last week took the opposite action on the Bush-era tax cuts. Neither plan is likely to become law.

The votes help to crystallize the position of the parties on a critical issue heading into the fall campaign.

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