Sunday, February 20, 2011

Senate Passes Compromise Tax Package, 81-19

The Senate on Wednesday approved the $858 billion tax plan
negotiated by the White House and Republican leaders -- the
first concrete product of a new era of divided government and
acid compromise.

The vote was 81 to 19, as Democrats yielded in their long
push to end the Bush-era lowered tax rates for high-income
taxpayers, and Republicans agreed to back a huge economic
stimulus package, including an extension of jobless benefits
for the long-term unemployed and a one-year payroll-tax cut
for most workers, with the entire cost added to the federal
deficit.

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