Looks like the Bush Tax cuts have ‘weathered’ the storm passing the 60 votes needed to limit debate in the Senate. Voting continues so that Senators can get to the capital to vote due to extreme weather conditions across the country.
The tax compromise struck between President Barack Obama and Senate Republicans will clear its first legislative hurdle later Monday as the measure received the requisite 60 votes needed to limit debate in the chamber.
As of 4:10pm ET, the vote was 60-7.
The seven senators voting against the compromise were: Sen Mark Udall (D-Colo.), Sen. Pat Leahy (D-Vt.), Sen. Bernie Sanders (I-Vt.), Sen Kirsten Gillibrand (D-N.Y.), Sen. Russ Feingold (D-Wis.), Sen. Jeff Bingaman (D-N.M.) and Sen. Sherrod Brown (D-Ohio).
The conclusion of the cloture vote will pave the way for a final majority vote in the Senate which could come as early as Tuesday. The bill will then head to the US House of Representatives where Democrats have raised concerns about the measure’s income tax breaks for wealthy Americans and the estate tax.