As it stands, Americans face the uncertainty of whether or not they will be giving more of their money to federal government at the beginning of next year.
Earlier today Speaker Boehner said the House will block the Senate deal stating “A two-month extension creates uncertainty and will cause problems for people who are trying to create jobs in the private sector”. For the purpose of of reaching a potential compromise, Boehner suggested that House leaders meet with Senate leaders.”This is a vote on whether Congress will stay and do its work or go on vacation,” Boehner said. “I expect that the House will disagree with the Senate amendment and instead vote to formally go to conference – the formal process of which the House and Senate can resolve our differences between our two chambers and our two bills.” The bill will be sent instead to a bicameral conference committee.
A short time later Senator Reid responded saying House could either accept the bipartisan compromise or allow taxes to rise next month. “Senator McConnell and I negotiated a compromise at Speaker Boehner’s request” and that he would not reopen negotiations until the House passed the Senate extension.