I’m hearing from various people – Ryan Grimm at HuffPo and David Kurtz at TPM among them – that, as John Cole puts it, “the House wingnuts looked at the Senate bill, and Cantor and company kicked Boehner in the dick again, amended the bill, and sent it back to the Senate. Which basically does to the bill what Travis did to Yeller.” Alexander Bolton at The Hill quotes aides as saying Senate Dems will not reconsider the bill if the GOP sends it back amended.
GOP source, privy to leadership strategy: House will add “spending cuts they know Democrats can’t live with…Our base is gonna be fired up”
— Mike Allen (@mikeallen) January 1, 2013
Update: Yahoo!, The Ticket:
Stepping back from the brink of the fiscal cliff, the House of Representatives groped late Tuesday towards passing emergency bipartisan legislation sparing all but a sliver of America’s richest from sharp income-tax hikes.
The polarized chamber seemed on track to approve the measure, unchanged, after House Republican leaders beat back a day-long insurrection within their ranks fueled by conservative anger at the bill’s lack of spending cuts. A final vote was expected late Tuesday evening.
“They’re crazy, but they’re not that batshit crazy,” Democratic Representative Alcee Hastings told reporters as the Republican plan came into focus.
As I write, reporters on the Hill are awaiting a vote. Maybe we’ll have a deal by morning.
Update 2: There is a deal, for what it is worth.
The House of Representatives late Tuesday easily approved emergency bipartisan legislation sparing all but a sliver of America’s richest from sharp income tax hikes — while setting up another “fiscal cliff” confrontation in a matter of weeks.
Lawmakers voted 257-167 to send the compromise to President Barack Obama to sign into law. Eighty-five Republicans and 172 Democrats backed the bill, which had sailed through the Senate by a lopsided 89-8 margin shortly after 2 a.m. Opposition comprised 151 Republicans and 16 Democrats.
Republican House Speaker John Boehner voted in favor of the deal, as did House Budget Committee Chairman Paul Ryan, his party’s failed vice presidential candidate. But Republican House Majority Leader Eric Cantor and Majority Whip Kevin McCarthy voted against it.
Obama, speaking from the White House briefing room shortly after the vote, praised lawmakers for coming together to avert a tax increase that “could have sent the economy back into a recession.”