January 1st busy day for House and Senate - KNOE 8 News; KNOE-TV; KNOE.com |

January 1st busy day for House and Senate

Posted: Updated: Jan 1, 2013 10:13 AM

WASHINGTON, DC (KNoe 8 News & AP) - The House is expected to vote later today on legislation to prevent tax increases for most Americans.

In dramatic late night fashion, the Senate overwhelming passed a bill that retroactively stops the nation from going over the so-called fiscal cliff. 

House Speaker John Boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the Senate or an amended alternative. Boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house.

Vice President Joe Biden negotiated the deal with Senate Republicans over the weekend. The agreement makes Bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. It also postpones harsh across the board spending cuts for a few months

President Obama praised the Senate agreement and urged the House to act without delay. Capitol Hill is normally a ghost town on New Year's day, but this year both the House and the Senate are in session with billions in tax increases and spending cuts on the line.

Lawmakers missed the January first deadline, but the bill will be retroactive. If the measure becomes law, it will be the first significant bipartisan tax increase since 1990. The bill as written also keeps the alternative minimum tax for the wealthy from hitting millions of middle class families.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two inmates escape from Lincoln Parish Detention Center

    Two inmates escape from Lincoln Parish Detention Center

    Sunday, September 14 2014 11:51 AM EDT2014-09-14 15:51:03 GMT
    RUSTON, La. (KNOE 8 News) - Authorities in Lincoln Parish are searching for two inmates who escaped the Lincoln Parish Detention Center. Paul James Landry and Dennis James Harrell were trustees working outside the detention center when they escaped Saturday around 6:00 p.m.
    RUSTON, La. (KNOE 8 News) - Authorities in Lincoln Parish are searching for two inmates who escaped the Lincoln Parish Detention Center. Paul James Landry and Dennis James Harrell were trustees working outside the detention center when they escaped Saturday around 6:00 p.m.
  • 2014 ArkLaMiss Fair Schedule

    2014 ArkLaMiss Fair Schedule

    Tuesday, September 2 2014 2:37 PM EDT2014-09-02 18:37:25 GMT
    2014 ArkLaMiss Fair Schedule of Events
    2014 ArkLaMiss Fair Schedule of Events
  • Ouachita Parish school bus driver allegedly assaults rider

    Ouachita Parish school bus driver allegedly assaults rider

    Friday, September 12 2014 7:58 PM EDT2014-09-12 23:58:11 GMT
    OUACHITA PARISH, La. (KNOE 8 News)- Parent Felicia Moore says the driver tried to force her daughter off the bus at a stop she was not supposed to get off at.
    OUACHITA PARISH, La. (KNOE 8 News)- Parent Felicia Moore says the driver tried to force her daughter off the bus at a stop she was not supposed to get off at.
  • 2014 Blitz - Week #2 Games and Scores

    2014 Blitz - Week #2 Games and Scores

    Sunday, September 14 2014 2:04 PM EDT2014-09-14 18:04:14 GMT

    (KNOE 8 Sports) - Here are the game scores for Week #2 of the 2014-2015 high school football season.

    (KNOE 8 Sports) - Here are the game scores for Week #2 of the 2014-2015 high school football season.

  • Neville Coaches and Players Speak Out

    Neville Coaches and Players Speak Out

    Friday, September 12 2014 10:39 PM EDT2014-09-13 02:39:37 GMT
    MONROE, La. (KNOE News)--Neville football players and coaches are doing much better than earlier in the week, after junior Cole Tracey collapsed on the field.
    MONROE, La. (KNOE News)--Neville football players and coaches are doing much better than earlier in the week, after junior Cole Tracey collapsed on the field.
  • Shooting at Monroe Daycare Center

    Shooting at Monroe Daycare Center

    Friday, September 12 2014 2:59 PM EDT2014-09-12 18:59:51 GMT
    Monroe, La (KNOE 8 News & MPD)- The Monroe Police Department responded to a shooting in the parking lot of the Wonderland Daycare Center located at 1705 Hickory Street Friday morning.
    Monroe, La (KNOE 8 News & MPD)- The Monroe Police Department responded to a shooting in the parking lot of the Wonderland Daycare Center located at 1705 Hickory Street Friday morning.
  • 2 Mississippi teenagers die in 1-car wreck

    2 Mississippi teenagers die in 1-car wreck

    Saturday, September 13 2014 6:17 PM EDT2014-09-13 22:17:03 GMT
    RIPLEY, Miss. (AP) - An early-morning crash has killed two teenagers from Ripley.
    RIPLEY, Miss. (AP) - An early-morning crash has killed two teenagers from Ripley.
  • Zoo gets license back, responds to PETA complaints

    Zoo gets license back, responds to PETA complaints

    Saturday, September 13 2014 6:01 PM EDT2014-09-13 22:01:15 GMT
    MONROE, La. (KNOE 8 News) - After losing its license in May due to not filing the paperwork on time, the Louisiana Purchase Gardens and Zoo has been issued a new license by the USDA.
    MONROE, La. (KNOE 8 News) - After losing its license in May due to not filing the paperwork on time, the Louisiana Purchase Gardens and Zoo has been issued a new license by the USDA.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.