Tuesday, January 1, 2013

Senate Backs Legislation to Raise Taxes on Wealthiest Americans

BREAKING NEWS Tuesday, January 1, 2013 2:25 AM EST
The Senate, in a pre-dawn vote two hours after the deadline passed to avert automatic tax increases, overwhelmingly approved legislation Tuesday that would allow tax rates to rise only on affluent Americans while temporarily suspending sweeping, across-the-board spending cuts.
The deal, worked out in furious negotiations between Vice President Joseph R. Biden and Republican Senate leader Mitch McConnell, passed 89-8, with just three Democrats and five Republicans voting no.

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http://www.nytimes.com?emc=na
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