White House Still Confident Tax Deal Will Pass
Washington (AP) - A spokesman for President Barack Obama says the White House is still confident that Congress will pass a tax deal despite a vote by angry House Democrats to reject the emerging package.
Spokesman Robert Gibbs said that ultimately, the deal "will get passed." House Democrats voted Thursday to reject Obama's compromise measure with Republicans in its current form, but it was unclear how significantly the package might need to be changed.
The Democratic opposition came in the form of voice vote in a caucus meeting. There is no formal House bill yet.
Gibbs also, for the first time, released a tentative cost estimate of the catchall tax package.
He said it is likely to cost from $750-billion to the high $800-billion range.