Speaker John Boehner has urged the Senate to follow the Houses lead by passing legislation to extend all current tax rates into next year, arguing that allowing tax rates to increase would further hurt the economy.
Boehner said the House has acted to avert the cuts that would hurt the nationís ability to protect itself. Of the $1.2 trillion, half would come from security spending, which will force a raft of layoffs from defense contractors.
But Senate Democrats will not take up the measure and instead want to keep the threat of the cuts on the table in an effort to force Republicans to agree to a deficit reduction package that includes tax increases.
Visitors get their first look at the American Veterans Disabled for Life Memorial, which opened to the public on Monday, Oct. 6, 2014. The new memorial is located off Independence Ave. SW between the Rayburn House Office Building and HHS. Buy photo here.