Rep. Cantor’s small-business tax cut bill passes House in 235-173 vote

The House approved legislation backed by Majority Leader Eric Cantor (R-Va.) on Thursday that would cut taxes on small business by 20 percent.

In a largely party-line vote, Republicans turned aside Democratic objections that the tax cut is a handout to the wealthiest, and that its $46 billion price tag is not offset with spending cuts or revenue.

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