In a 256-171 vote, the House voted to stop the tax hike and passed the Job Protection and Recession Prevention Act of 2012.
Majority Leader Cantor stated the following on H.R. 8:
"Two years ago, the President said extending these same tax rates was the ‘right thing to do’ for jobs, the middle class and small business. Keeping taxes low is still the right thing to do to get this economy growing again. In the near term, our plan gives working families and small businesses the certainty that they will not face a tax increase. In the long term, we will reform the tax code to spur sustained economic growth. While both sides agree we must get our economy back on track, only House Republicans have offered real solutions to create a stronger economy and a more certain future for our country."