Updated: Tuesday, 01 Jan 2013, 10:10 PM EST
Published : Tuesday, 01 Jan 2013, 10:10 PM EST
WASHINGTON (WWLP) - There will be a vote in the House on legislation that was passed in the Senate to avoid the so-called fiscal cliff.
The House Rules Committee cleared the way Tuesday night for the measure to be brought to the House floor.
Rules Committee chairman David Dreier predicts the house will approve the measure with bipartisan support. But he declined to say how many Republicans will back it.
The proposal would allow taxes to increase on individual income over $400,000 and household income over $450,000, while delaying a series of spending cuts for two months.
The final vote needed to avert the fiscal cliff is expected to take place at around 11:30 Tuesday night. If the tax agreement is approved by the House, it will then go to President Obama's desk for his signature.
Many people told 22News on one hand, they are disappointed lawmakers couldn't come to an agreement sooner, but on the other hand, they say some sort of a solution is better than nothing.
“I think that there's sort of a spirit of negotiation that's occurring right now that hasn't been there,” said Susan Schwallenberg. “I think that's taken a little bit of fear out, and I think there are a lot of questions that still need to be answered.”
The Senate overwhelmingly passed the agreement in the early morning hours of New Year’s Day.
Stay with 22News and wwlp.com for any developments on the house vote on the fiscal cliff.