GOP Senate Minority Leader Mitch McConnell argued that cutting taxes for the wealthy will boost the economy.
"Today a wide bipartisan majority in the Senate has shown their commitment to the economic security of millions of American families and hundreds of thousands of small businesses across the country by protecting them from a job-killing tax hike at the beginning of the year," McConnell said.
New York's 23rd Congressional District Democratic Representative Bill Owens said he supports the deal.
"Although I do not believe that extending tax cuts for the ultra-wealthy will create jobs, and I'm concerned that doing so will unnecessarily add to the debt, I believe a two-year extension is a fair compromise and that the overall agreement contains significant job creation measures," Owens said.
Outgoing 20th district Democrat Scott Murphy said he also supported the current bill.