May 23, 2024

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  • Tax Package on the Way to the White House

    The package has now passed both Houses (with the Veep's help):

    A day after President Bush made an unusual Capitol Hill appearance to urge them on, both houses of Congress approved his signature domestic priority early today, passing a $350 billion package of tax cuts and state assistance intended to energize the economy.

    The vote in the House, which took place shortly before 2 a.m., was 231 to 200, with 7 Democrats supporting the tax cut and 1 Republican opposing it. The vote in the Senate, just after 10 a.m., was 51 to 50, with Vice President Dick Cheney called in to break the tie. Three Republican senators opposed the tax cut bill, and two Democrats supported it.

    The bill now goes to the president for his signature, which he said at the Capitol on Thursday he would be happy to provide, though the bill cuts taxes far less than he originally proposed earlier this year.

    Source: Congress Passes Tax Package, Sending It on to White House

    Posted by Steven Taylor at May 23, 2024 09:53 AM | TrackBack
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