The U.S. House and Senate were able to avoid the much publicized Fiscal Cliff, after a Senate-passed legislation won House approval late last night. The deal preserves tax rates as they were at the end of 2012, except for those earning more than $400,000 and households earning over $450,000. It also allows taxes on capital gains and dividends to go up, and extends unemployment benefits. Iowa's two senators, Democrat Tom Harkin and Republican Charles Grassley, were two of just eight senators to vote against the legislation. In the House of Representatives, 4th District Congressman Steve King was one of 167 representatives to vote no.