Bush-era tax cuts sail through procedural vote - KCBD NewsChannel 11 Lubbock

Bush-era tax cuts sail through procedural vote

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Bill Clinton said President Barack Obama struck the best deal possible under the circumstances. (Source: CNN) Bill Clinton said President Barack Obama struck the best deal possible under the circumstances. (Source: CNN)
Washington -

WASHINGTON (RNN) - A measure that would extend Bush-era tax cuts easily gathered enough votes Monday to be pushed to the floor for a final vote.

The bill extending the tax cuts for another two years passed 83-15.

Included in the bill is a measure that extends unemployment benefits by 13 months, as well as a reduction in the estate tax to less than 35 percent for individual estates valued at $5 million and $10 million for married couples.

If the bill is passed by the Senate, it will go to the House for final approval.  

President Barack Obama has been the object of criticism for his compromise and support of the bill. Last week, President Bill Clinton made a televised appearance at the White House to support Obama.

"I personally believe this is a good deal and the best he could have gotten under the circumstances," Clinton said.

Clinton said he believes it is necessary for the two parties to work together, noting the Republican takeover in January.  

"We've played political kabuki for a year, had two government shutdowns," he said. "We can't afford that now."

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