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Thursday 2 December 2010

House passes symbolic tax-cut renewal

Senator Jim DeMint (R-SC) (R) and Representative Mike Pence (R-IN) attend a news conference about their goal of permanently extending Bush-era tax rates at the Capitol in Washington, December 2, 2010. REUTERS/Jonathan Ernst

WASHINGTON | Thu Dec 2, 2010 4:12pm EST

WASHINGTON (Reuters) - The House of Representatives on Thursday voted to extend Bush-era tax cuts on individual income up to $200,000 a year and $250,000 for families, letting extra cuts for the wealthiest to expire.

Republicans have vowed to block the measure in the Senate. They want to extend additional low tax rates for the wealthiest Americans as well.

(Reporting by Kim Dixon; Editing by Will Dunham)

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