Cliffhanger: Congress Passes Bill to Prevent ‘Fiscal Cliff’

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Cliffhanger: Congress Passes Bill to Prevent 'Fiscal Cliff'

The House of Representatives passed the senate bill that would prevent the country’s economy from “going over the fiscal cliff”.

Congress approved the measure with 257 members saying yes, and 167 members opposing the measure. The bill drew 85 votes from Republicans and 172 from Democrats, meaning well more than half of its support came from the Democratic minority.

On a local level, Congressman Steve Chabot,Congresswoman Jean Schmidt, and Dayton congressman Michael Turner voted “yes”.

This bill will prevent millions of middle-class taxpayers from tax increases set to take effect this month. However, those who make more $450,000 a year will expect to see their taxes rise this year.

While income taxes will not rise for the middle class, they will be coming home with less money in their paychecks. The bill passed last night will not continue the payroll tax-cut that was enacted 2 years ago.

In opposition to President Obama‘s executive order, congress passed an amendment that would continue to freeze congressional and federal worker pay. President Obama, last week, signed an executive order that would increase the pay for senators and congressmen, including House Speaker John Boehner.

President Obama signed the bill last night, before he headed back to Hawaii to be with his family.

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