Here’s the mid-week update from our Hill Sources.
The bill reflects President Obama’s call allow rates to increase on higher-income earners; while Republicans oppose any tax increase. House Republicans are expected to push through a bill maintaining current rates later this month.
The Senate tried twice to advance this bill this week, but Senate Republicans did not support it and it failed to gain the 60 votes required to advance.
The Senate could hold a procedural vote on this bill by Thursday.
The House approved a handful of bills on Tuesday:
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