The House approved GOP legislation late Wednesday that would extend all current tax rates for another year, and also turned away a Democratic bill that would have allowed rates to rise for higher income earners.
The Job Protection and Recession Prevention Act was approved in a 256-171 vote that saw 19 Democrats vote with Republicans, highlighting division in the Democratic party over taxes. Only one Republican voted no.
With the House vote, both chambers have now spoken on tax policy, which will allow both parties to make their case on the campaign trail. Last week, the Senate approved a bill that would let rates rise on annual individual income above $200,000, and annual family income above $250,000.
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