President Barack Obama’s tax cut package was pulled from the House floor on Thursday afternoon because Democratic leaders were uncertain if they had enough votes to bring the bill to the floor. They did not have the votes to approve a rule change proposed Wednesday night to govern debate on the actual bill. However, published reports said that Speaker of the House Nancy Pelosi might still bring the tax extension package to the House floor for a vote later Thursday night in a snowy Washington.
The compromise bill was overwhelmingly passed by the Senate on Thursday afternoon.