BBG: U.S . House votes to extend all Bush-era individual tax cuts

The U.S. House of Representatives voted 256 to 171 to extend the George W. Bush-era tax cuts for all income levels . Earlier the majority -republican House rejected, 170 to 257, a Democratic proposal to extend most of the tax cuts while letting them expire for individuals’ income exceeding $200k a year and couples above $250k.

Bill is dead in the U.S Senate and President Obama would veto it.