The House late Thursday gave final approval, 277-148, to a temporary extension of the George W. Bush-era tax rates, delivering a significant but politically bruising victory to President Obama.
The $858 billion legislation now heads to the president’s desk for his signature. It extends the Bush tax cuts across the board for two years, slashes the employee payroll tax by 2 percent for one year, renews the estate tax and extends unemployment insurance benefits for 13 months.
Full Story: House passes temporary extension of Bush-era tax cuts 277-148 – TheHill.com