House passes Spending Reduction Act in close vote, White House promises veto

In what many are calling a preview of the vote to allow the Bush tax cuts to expire for those with incomes over $1 million, the House tonight passed a spending reduction plan, but just barely.

The House passed H.R. 6684, the Spending Reduction Act of 2012, in a 215-209-1 vote.…

— Eric Cantor (@GOPLeader) December 20, 2012

House votes 215-209 for step one of “Plan B,” a bill that cuts spending & averts some military spending cuts

— Jamie Dupree (@jamiedupree) December 20, 2012

Republican sequestration replacement bill comes down to the wire! Passes 215-209with 22 GOPers breaking rank, voting ‘no.’

— JaredHalpern (@JaredHalpern) December 20, 2012

Ruh roh. Factoid from @jamiedupree the spending cuts bill that just barely passed lost 5 gop votes since last vote on it in May

— Dana Bash (@DanaBashCNN) December 20, 2012

The vote on a tax hike for those making more than $1 million is expected soon. House Speaker John Boehner has been trying to promote the idea that no amount of tax hikes will fix the economy, even pushing a Twitter hashtag, #SpendingIsTheProblem.

What did pass was the”sequestration” revision bill that would have shifted cuts from defense to social spending.

— RGC_BPPA_AnthonyJK(@RGC_BPPA) December 21, 2012

The spending cuts bill that the House just passed replaces the automatic sequestration cuts.

— Gabriel Malor (@gabrielmalor) December 20, 2012

It also cuts the Obamacare slush fund, the failed HAMP mortgage reform effort, and reforms food stamps and the child refundable tax credit.

— Gabriel Malor (@gabrielmalor) December 20, 2012

Within minutes, the White House had promised a veto were the legislation to pass the Senate, an outcome which also seems unlikely.

Minutes after the House passed the sequester replacement bill, the White House officially threatens a veto

— Jamie Dupree (@jamiedupree) December 20, 2012

Time for a huddle.

Spotted: Eric Cantor and entourage walking into Speaker Boehner’s office. Wonder if they’ll chat about that troublesome Plan B vote…

— Rebecca Berg (@rebeccagberg) December 21, 2012

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