“The Republican-led House of Representatives, on a near party-line vote of 244-185, on Wednesday once again passed a bill to repeal President Barack Obama's overhaul of the healthcare system. Just like previous House efforts to end the two-year-old healthcare law, the bill is certain to be stopped by Obama's fellow Democrats who control the Senate. Regardless, the fight over the landmark law, which has divided Americans and rallied the Democratic and Republican political bases, will likely rage on into the November 6 elections. Five Democrats joined all Republicans in voting to repeal the law, which requires nearly all Americans to obtain insurance or pay a penalty tax.” Reuters reports.
Businessweek: “Senate Democrats rejected a Republican offer for a quick vote on President Barack Obama’s tax plan in part because they haven’t turned Obama’s idea into a bill or made clear how they want to handle the tax rate on dividends, the estate tax and the alternative minimum tax. Senator Richard Durbin of Illinois, the Senate’s No. 2 Democrat, said yesterday that Democrats are focused on language extending expiring tax cuts for income up to $250,000, adding that they still must figure out whether to include -- and how to treat -- the estate tax and AMT extensions in the measure.”