House passes symbolic tax-cut renewal

By Reuters
Posted Dec. 2, 2010 at 3:53 p.m.

The House of Representatives on Thursday voted to extend Bush-era tax cuts on individual income up to $200,000 a year and $250,000 for families, letting extra cuts for the wealthiest to expire.

Republicans have vowed to block the measure in the Senate. They want to extend additional low tax rates for the wealthiest Americans as well.

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