President Barack Obama made an eleventh-hour appeal to Congress Wednesday morning to pass the $858 billion tax cut package “as swiftly as possible” when it comes up for a vote in the Senate later in the day and in the House later this week.
The tax proposal, which the White House negotiated with Senate GOP leaders, must not “fall victim to either delay or defeat,” Obama said during brief remarks at the White House.
The president acknowledged that lawmakers in both parties are unhappy with certain aspects of the measure, which extends Bush-era tax cuts for two years, but he said people have “worked hard to negotiate an agreement” that can pass.
“I am absolutely convinced” the package will boost the economy and create jobs, he said.
On January 3, Sen. Kirsten Gillibrand, D-N.Y., raises her right hand as her son Henry messes up her hair while Vice President Joseph R. Biden Jr., delivers the ceremonial swearing-in in the Old Senate Chamber. Gillibrand's other son Theodore, lower right, looks on.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.