The tax deal passed overwhelmingly by the Senate yesterday appears to have stalled in the House, due to Democrat demands for further revisions. Among the provisions they seek to attach is a further increase in the estate tax, already scheduled to rise to 35% under the deal between President Obama and the Republicans.
The severity of this roadblock has been described as “serious” to “insurmountable” by observers in early news reports. Speaker Nancy Pelosi is reportedly working on a way to bring her caucus together behind the bill, as the clock runs out on the 111th Congress.
It can not be confirmed if the Republicans told Pelosi, “Go ahead. Make my day!” The Huffington Post, which gets some funding from George Soros, uses “Stalls Temporarily” in its headline.