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.
The vote probably ends any chance of the bill's success this year, a defeat for the charities that had rallied for it in the final days of the congressional session. Republicans could try again next year when they have a wider House margin, control of the Senate and more time.
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