A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy.

House Democratic leaders plan to pass the bill Thursday. But first, they will hold a vote on imposing a higher estate tax than the one negotiated by President Barack Obama.

The Senate overwhelmingly passed the package Wednesday, with broad bipartisan support. Now, Obama is urging the House to pass it without changes, so he can sign it into law.

Continue reading →