The U.S. House of Representatives
has approved a controversial bill, designed to prevent the country from
potentially sliding back into recession. The fiscal cliff deal - passed
earlier by the Senate - will prevent nationwide tax hikes and spending cuts from coming into force, at least for the time being - READ MORE http://on.rt.com/677m6i
The House Republicans wanted to amend the bill, but then decided they didn't have enough support to make last-minute changes to the motion. The tug-of-war over the text revolved around a Democrat-promoted increase in income tax for the rich - for the first time in two decades. But analyst Lawrence Freeman says, that in the long run, this bill won't make life any easier for millions of struggling Americans.
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The House Republicans wanted to amend the bill, but then decided they didn't have enough support to make last-minute changes to the motion. The tug-of-war over the text revolved around a Democrat-promoted increase in income tax for the rich - for the first time in two decades. But analyst Lawrence Freeman says, that in the long run, this bill won't make life any easier for millions of struggling Americans.
RT LIVE http://rt.com/on-air
Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday
Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Google+ http://plus.google.com/+RT
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
Watch this video ..... http://shar.es/4m7yQ via
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