Tierney Votes 'Yes' on Fiscal Cliff Deal

The deal will preserve some tax cuts and allow others to expire.

The U.S. House of Representatives passed the Senate's "fiscal cliff" deal Tuesday night, averting a potential calamity for many taxpayers and setting new tax rates for some. Highlights of the agreement include: “President Obama and the Senate came to an agreement on a deal to prevent the country from going over the fiscal cliff," Congressman John Tierney wrote in a statement Wednesday morning. Tierney voted in favor of the bill. "It was the only bill brought to the House floor for a vote and it is imperfect. However, this legislation is a first step and it will ensure that millions of middle-class Americans and small businesses will not have the largest tax increase in the history of our country. Meanwhile, millionaires and billionaires …

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