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GOP pushes business tax cut through divided House

The House GOP measure would let employers with fewer than 500 workers deduct 20 percent of their domestic earnings this year a calculation that would let businesses show a smaller income before determining the taxes they owe.

By Alan Fram | Updated on April 20, 2012

WASHINGTON (AP) — Republicans rammed an election-year, $46 billion tax cut for most of America’s employers through the House on Thursday, ignoring a White House veto threat in a debate both parties used to show voters how they would bolster the economy.

The near party-line 235-173 vote moved the bill to the Senate, where Democrats controlling the chamber are sure to ignore it. But the measure’s inevitable demise was secondary to the chance it gave each side to offer its prescriptions for creating jobs, echoing the battle that seems certain to dominate this fall’s contest for the White House between President Barack Obama and Republican Mitt Romney.

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