CNN Wire Staff
Washington (CNN) - President Barack Obama urged lawmakers Wednesday to approve the compromise tax package he negotiated with Republican leaders.
Saying he is convinced that the legislation will spark growth, Obama acknowledged differences on "both sides of the aisle" and said "that's the nature of compromise."
In remarks at the White House, Obama said the package "can't afford to fall victim" to a delay or a defeat.
"I am absolutely convinced that this tax cut plan, while not perfect, will help our economy and create jobs in the private sector," Obama said. "It will help lift up middle-class families who will no longer have to worry about a New Years' Day tax hike."
Senate Majority Leader Harry Reid, D-Nevada, has confirmed that the Senate's final vote on the controversial deal will take place Wednesday. Senators debated the package late into the night Tuesday.
The proposal received strong bipartisan support in clearing a key Senate procedural hurdle Monday, with an 83-15 vote to end debate.
But as senators cleared the way for the pivotal vote, House Democrats continued to argue about whether they will change the measure after an expected Senate approval.
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