Thursday, December 16, 2010

Tax bill pulled off the floor

The tax bill has been pulled off the House floor due to a disagreement about the rules that apply to its consideration.  Perhaps they really don't have the votes for it yet.  Or they are still working out a way to save face without defeating the bill. Reportedly the pressure from the White House to accept the bill without amendment is intense.

As a minor aside, the bill is H.R. 4853.  That bill number was first associated with bill on the airport trust fund. A Senate amendment replaced everything but the bill number, and renamed it the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010."  The bill now being considered by the House is named "Middle Class Tax Relief Act of 2010."  MCTRA 2010. Don't know when in the process this change took place.

There is a small but real chance that this compromise is defeated, which would be remarkable.

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