Dec. 11 (Bloomberg) — The U.S. House of Representatives rejected an $11 billion bill that would have provided tax incentives for charitable donations of food, money from retirement accounts and land-development rights.
The House's 275-149 vote fell short of the two-thirds margin needed to pass it under an expedited procedure. That's the same threshold that would have been needed to overcome a threatened veto from President Barack Obama.
All House Republicans voted for the bill. Democrats split, with 47 in favor and 149 against, leaving the measure eight votes shy of passage.
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