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Senate cuts $100 billion from Bush tax plan to fund Iraq war
The Republican Senate voted 62-38 against halving the $726 billion tax cut to finance the Iraq war, pushing to preserve the full package. House and Senate budget negotiators will seek a compromise, with moderates and Democrats arguing the tax relief should not proceed without wartime funding. The clash highlighted deficits, politics, and the war’s impact on fiscal policy as the two chambers map further action.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bush
Iraq
U.S
Saddam Hussein
White House
House Senate
Sen
Russell Feingold
Dwis
Charles Grassley
Browa
Senate Finance Committee
Congress
House
Arama
Kit Bond
R-Mo
Robert Byrd
D-W.va
Amtrak
Feingold
Olympia Snowe
Maine
John Breaux
D-La
Max Baucus
D-Mont
George Voinovich
Ohio
Tom Daschle
D-S.d
Ernest Hollings
D- 8.C
John McCain
R-Ariz
Richard Durbin
D-Nl
GOP