Thursday, December 20, 2012 at 7:02 pm (Updated: December 21, 12:02 am)
By Andrew Taylor
Associated Press Writer
WASHINGTON — The Republican-controlled House pushed ahead Thursday with a bill that would raise taxes on people earning over $1 million a year as hopes faded for a pre-Christmas deal between President Barack Obama and Speaker John Boehner to avert the so-called “fiscal cliff.”
Senate Majority Leader Harry Reid, D-Nev., said lawmakers would return to the Capitol on the Thursday after the holiday as a grand bargain to avoid the automatic tax hikes and spending cuts proved elusive.
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