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WASHINGTON, DC-The House of Representatives has sent legislation that extends the Bush-era tax cuts as well as several other business-friendly initiatives to President Barack Obama for his signature. 

For the most part it is a mirror image of the $858-billion deal that passed the Senate earlier this week. The crux of the package extends the tax cut as well as unemployment insurance–along with a new 2% payroll tax reduction for all workers. Energy and other tax breaks that were expiring this year have also been folded into the package. Some House Democrats balked at the last minute, protesting a revision to the estate tax, which exempts families inheriting up to $10 million. Democrats did win some measures of their own, in the form of government spending on certain projects. 

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