Senate plans to pass two-month tax package Friday morning

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The unanimous consent agreement will make passage of the proposal contingent on the House sending over a bill identical to the legislation being held at the Senate desk.

Sen. Charles Schumer (N.Y.), the Senate Democrats’ chief on political strategy, proclaimed a victory over Tea Party-affiliated conservatives in the House and began laying the groundwork for the legislative battle ahead.  

“This is a victory for middle-class taxpayers over Tea Party politics. Even though this tax cut is only temporary, this breakthrough could have an enduring impact if it helps tame the faction of House Republicans that habitually tends toward brinksmanship,” Schumer said in a statement.

“We now turn our attention to extending this tax cut for a full year, and we urge our Republican colleagues to seek common ground with us on how best to pay for it,” he added.