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>>

  • Union Sheriff: Man was attempting to hire hit man to kill family members

    Union Sheriff: Man was attempting to hire hit man to kill family members

    Monday, July 28 2014 1:21 PM EDT2014-07-28 17:21:58 GMT
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
  • West Monroe man arrested for meth possession

    West Monroe man arrested for meth possession

    Sunday, July 27 2014 9:09 PM EDT2014-07-28 01:09:38 GMT
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
  • Retired deputy drowns trying to save terrier

    Retired deputy drowns trying to save terrier

    Sunday, July 27 2014 8:43 PM EDT2014-07-28 00:43:53 GMT
    Ret. Lt. Sam Vitter (Source: APSO)Ret. Lt. Sam Vitter (Source: APSO)
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
  • Areas of West Monroe test positive for West Nile

    Areas of West Monroe test positive for West Nile

    Friday, July 25 2014 4:31 PM EDT2014-07-25 20:31:42 GMT
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
  • MPD investigate Friday night rape report

    MPD investigate Friday night rape report

    Saturday, July 26 2014 6:05 PM EDT2014-07-26 22:05:59 GMT
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
  • Clerk wrestles gun away from armed robbery suspect

    Clerk wrestles gun away from armed robbery suspect

    Saturday, July 26 2014 4:40 PM EDT2014-07-26 20:40:24 GMT
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
  • Group protests illegal immigration in Monroe

    Group protests illegal immigration in Monroe

    Saturday, July 26 2014 6:29 PM EDT2014-07-26 22:29:54 GMT
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
  • Mom on teen's 9-month absence: She isn't pregnant

    Mom on teen's 9-month absence: She isn't pregnant

    Monday, July 28 2014 10:30 AM EDT2014-07-28 14:30:30 GMT
    NORTH CONWAY, N.H. (AP) - The mother of a 15-year-old New Hampshire girl reunited with her family nine months after she vanished says rumors that she was pregnant aren't true.
    NORTH CONWAY, N.H. (AP) - The mother of a 15-year-old New Hampshire girl reunited with her family nine months after she vanished says rumors that she was pregnant aren't true.
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.