Technology Slice Blog

Senate Tax Vote Soon - The final obstacle to President Barack Obama's tax deal—the opposition of House Democrats—appeared to be melting away Tuesday as strong Senate support for the legislation turned up pressure on liberal critics to concede. "It's a fast-moving train," said Rep. Peter Welch (D., Vt.), who has led opposition to the legislation to extend the Bush-era tax cuts for all income groups. "The momentum is all in its favor, that's for sure." Rep. Jim McDermott (D., Wash.) called the bill "just awful." He said the bill includes elements he supports, but that it remains a bitter pill to swallow. "I still have to eat the estate tax and an extension of tax benefits to people above $250,000, and an extension of unemployment benefits for only one year, said Mr. McDermott. "When you put those three elements together, I have a hard time getting excited about what's on the Christmas tree," said McDermott. Senate Tax ...