Update: Fiscal Cliff deal uncertain in House - KYTX CBS 19 Tyler Longview News Weather Sports

Update: Fiscal Cliff deal uncertain in House

Posted: Updated:
Eric Cantor/Getty Images Eric Cantor/Getty Images
(CNN) - GOP House leader Eric Cantor says he doesn't support a Senate deal to avert fiscal cliff; bill's fate in House uncertain. 
 
Rep. Darrell Issa, R-California, says on CNN he's with Eric Cantor: He cannot vote for the fiscal cliff bill in its current form. He wants a bill with spending cuts.
 
If a Senate deal to avert the fiscal cliff becomes law, all but a sliver of the U.S. population will avoid higher tax rates, some key issues will be put off for two months, and all sides in the battle will emerge with a mixed record: winning key points, while ceding ground on others.

The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the early hours of Tuesday, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. Technically, it would reinstate cuts that expired at midnight.

It would raise tax rates for those over those levels -- marking the first time in two decades the rates jump for the wealthiest Americans.

  • Local NewsMore>>

  • Capital Murder defendant Calvert wheeled, unwilling, into district courtroom

    Capital Murder defendant Calvert wheeled, unwilling, into district courtroom

    Thursday, August 21 2014 6:38 PM EDT2014-08-21 22:38:39 GMT
    James Calvert was wheeled into Judge Jack Skeen Junior's courtroom Thursday afternoon in what appeared to be a catatonic state and seemingly restrained as deputies balanced him on a wheelchair while supporting his legs.More >>
    James Calvert was wheeled into Judge Jack Skeen Junior's courtroom Thursday afternoon in what appeared to be a catatonic state and seemingly restrained as deputies balanced him on a wheelchair while supporting his legs.More >>
  • Officer Involved Shooting Suspect's Mom Speaks Out

    Officer Involved Shooting Suspect's Mom Speaks Out

    Wednesday, August 20 2014 11:13 PM EDT2014-08-21 03:13:22 GMT
    LONGVIEW (KYTX) - Hope Fountain says the shadow of recent events has covered up who her son really was."You'll never replace those hugs and those smiles. He would always be there for you no matter what." - Hope Fountain, Wagner's MotherGregg County Jail Records show that Wagner has a violent past but Fountain says he has regretted his crimes since the day they were committed. In 2013, Wagner plead guilty to terroristic threats of a public servant. Fountain says Wagner was going through a roug...More >>
    LONGVIEW (KYTX) - Hope Fountain says the shadow of recent events has covered up who her son really was."You'll never replace those hugs and those smiles. He would always be there for you no matter what." - Hope Fountain, Wagner's MotherGregg County Jail Records show that Wagner has a violent past but Fountain says he has regretted his crimes since the day they were committed. In 2013, Wagner plead guilty to terroristic threats of a public servant. Fountain says Wagner was going through a roug...More >>
  • Longview Man Vows to Run Across Texas

    Longview Man Vows to Run Across Texas

    Friday, August 22 2014 1:00 AM EDT2014-08-22 05:00:29 GMT
    LONGVIEW (KYTX) -A man from Longview will be making a 762-mile journey across Texas.Oleus Lilly is lacing up and currently training to run across Texas. He will be running 26 miles a day for the enitire month of October. Lilly will be teaming up with the American Cancer Society to raise awareness and raise money for the organization. He says in '07 he lost his grandmother to breast cancer and she is his inspiration. "She would always come to my house to visit and I would never be there. She s...More >>
    LONGVIEW (KYTX) -A man from Longview will be making a 762-mile journey across Texas.Oleus Lilly is lacing up and currently training to run across Texas. He will be running 26 miles a day for the enitire month of October. Lilly will be teaming up with the American Cancer Society to raise awareness and raise money for the organization. He says in '07 he lost his grandmother to breast cancer and she is his inspiration. "She would always come to my house to visit and I would never be there. She s...More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.