Senate clearing the way for compromise tax legislation

The Senate is expected to clear the way shortly for the bipartisan tax compromise language. 

Lawmakers will clear pending amendment to another bill and vote to table motions to refer and concur with an amendment to H.R. 4853, The Middle Class Tax Relief Act, making way for the new bill that has been under construction for the past few days. 

Senate Majority Leader Harry Reid (D-Nev.) also could file cloture on the bill setting up a vote for either Saturday or Monday, although it's most likely to take place Monday. 

Republican Senators are insisting that work go forward on the new tax compromise legislation before dealing with any other issues, including the Defense authorization bill.

“Next year’s tax forms are already being printed and nearly every American will pay higher taxes starting in January if Congress doesn’t act now to keep rates from going up," Sen. Lamar Alexander (R-Tenn.) said Thursday night in a statement.