House Adopts $622 Billion Plan to Revive Expired Tax Breaks
- Measure makes permanent some business and individual breaks
- Bill to go to Senate with government spending measure Friday
The U.S. Capitol in Washington, D.C., on November 19, 2011.
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The House adopted a $622 billion measure to revive dozens of business and individual tax breaks, and made some of them permanent, ahead of a vote Friday on a companion plan to fund the U.S. government and lift the ban on crude oil exports.
The vote Thursday was 318-109. The House and Senate plan to take final votes on the tax and spending bill Friday before leaving Washington for the holidays. President Barack Obama has announced his support for the plan, and House Minority Leader Nancy Pelosi said Thursday she will vote for the spending measure although she opposed the tax-extension plan.