WASHINGTON (MarketWatch) -- House lawmakers approved a two-year across-the-board extension of Bush-era tax cuts just before midnight on Thursday, capping off weeks of furious debate and ensuring that rates won't rise on virtually all Americans come Jan. 1.
The bill, already passed by the Senate, now goes to President Barack Obama for signature. It also includes a 2% rollback of Social Security payroll taxes; extends unemployment insurance for 13 months; and brings back the estate tax at 35% for two years on estates of more than $5 million. The House vote was 277-148.
This is a repost from: http://www.marketwatch.com/story/us-house-approves-extending-bush-era-tax-cuts-2010-12-17
