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Panel OKs Extension of Tax Cuts

In case you missed it.

Legislation to extend several popular middle class tax cuts cleared a House-Senate conference and could be on President Bush (news - web sites)‘s desk within days, handing him a major legislative victory in the closing weeks of the presidential campaign.

The $145.9 billion package marked the fourth significant tax cut package that the president has championed since taking office.

The bill was considered must-pass legislation by Republicans because without it provisions dealing with the child tax credit, relieving the marriage penalty and providing an expanded 10 percent tax bracket would have expired at the end of this year.

The House was expected to take up the measure as early as Thursday. Republican leaders predicted it would win Senate passage either Friday or early next week.

BTW - Lance emailed me the link.

Posted by Owen at 1016 hrs
Politics + Politics - General

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