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Senate approves $70 billion election tax cuts bill
The Senate approved a 70 billion dollar tax cut package by 54 to 44 votes. It extends two years the 15 percent rate for capital gains and dividends and adds one year to the AMT relief. Bush praised the plan as preventing a tax hike while Democrats warned it largely aids the wealthy.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bush
Congress
Olympia J. Snowe
Maine
Lincoln Chafee
Rhode Island
George Voinovich
Ohio
Ben Nelson
Nebraska
Bill Nelson
Florida
Mark Pryor
Arkansas
GOP
Charles Schumer
D-N.y
Charles Grassley
Iowa