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House Democratic leaders postpone a vote on legislation to extend dozens of popular expired tax cuts after members express concerns about the bill's cost and its newly released details. The Democratic leadership intended to put the American Jobs and Closing Tax Loopholes Act (H.R. 4213) on the House floor May 21, but House Speaker Pelosi and Majority Leader Hoyer change the schedule after pushback from angry Democrats. An aide says the plan now is for the House Rules Committee to consider the legislation Monday and for the measure to move to the floor Tuesday. Lawmakers and staff say the California delegation was upset with the carried interest language because it did not include a carve-out for venture capitalists, who they say are key to that state's economy.
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