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Sandy Aid Consumes Year of Estimated Revenue from Tax Hikes

After more than two months of political grandstanding, finally the $60 billion pork-laden Sandy relief aid bill has passed through the House in a 241-180 vote (with 1 democrat and 179 republicans voting no), with the vote passing courtesy of just 49 republicans who voted with the democrats.

The remainder objected in protest "against a bill that many conservatives say is too big and provides funding for things other than immediate relief for New York, New Jersey and Connecticut" Politico reports.

Specifically, the House approved a $50 billion relief bill, after several hours of contentious debate in which scores of Republicans tried unsuccessfully to cut the size of the bill and offset a portion of it with spending cuts. 

Source: Zero Hedge. Read full article. (link)

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