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House GOP rallies for business tax cut

Republicans cast themselves as champions of small business as they pushed a bill toward House passage Thursday that would cut taxes for nearly every employer in the country. Democrats called the measure merely the latest GOP effort to funnel federal help to those who are already successful.

By Alan Fram | Updated on April 19, 2012
In this Feb. 15, 2012, file photo, House Majority Leader Eric Cantor of Va., gestures during a news conference on Capitol Hill. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — Republicans cast themselves as champions of small business as they pushed a bill toward House passage Thursday that would cut taxes for nearly every employer in the country. Democrats called the measure merely the latest GOP effort to funnel federal help to those who are already successful.

The GOP-run House was ready to approve the legislation in an election-year vote lacking either suspense or any expectation that the plan would become law. The bill will die in the Democratic-controlled Senate, and for good measure the White House has threatened a veto by President Barack Obama, saying the proposal is far too broad and generous to the wealthy.

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