The House has passed HR 8 by a vote of 257-167, the Tax Relief Extension Act, which the Senate passed early Tuesday morning by a vote of 89 to 8. The bill will now be sent to the President for his signature. The so-called "fiscal cliff" agreement had been negotiated Monday between Senate Minority Leader Mitch McConnell (R-KY) and Vice President Joe Biden. The legislation keeps the Bush era tax cuts for individuals making less than $400,000 and couples making less that $450,000. It also makes permanent the fixes for the Alternative Minimum Tax and delays government spending cuts for two months.