December 9th, 2010
Debate is under way in the Senate on an expanded tax cut measure.
The White House and key lawmakers have cleared the way for swift Senate action to avert a Jan. 1 spike in income taxes for nearly all Americans.
They agreed tonight to extend breaks for ethanol and other formsof alternative energy as part of the deal.
Tax provisions aimed at increasing production of hybrid automobiles, biodiesel fuel, energy-efficient homes, coal and energy-efficient household appliances would be extended through the end of 2011 under the bill.
While there is no precise timetable for passage, a test vote is set for Monday afternoon.
House Democrat rejected the proposal and refused to even schedule floor consideration unless tax relief for the rich is scaled back.