Senate passes cuts for all but richest Americans
WASHINGTON — The Senate has debated, sniped and voted on the politically fraught issue of tax cuts, and next week it'll be the House's turn. Still, Americans won't know until after the November elections how much more of their paychecks will go to the government next year.
Turning both houses of Congress into a campaign stage on one of the defining issues of the presidential and congressional races, Republicans and Democrats are putting each other on record over which Americans, if any, should receive an extension of former President George W. Bush's income tax cuts.
The Senate opened the drama Wednesday with surprise debates and passage of a Democratic bill fashioned on President Barack Obama's proposal to extend the income tax cuts to all but the wealthiest Americans through 2013. It passed even though the measure stands no chance of surviving the Republican-led House. Meanwhile, the Senate rejected a GOP amendment to extend the cuts to all taxpayers. House Speaker John Boehner, R-Ohio, intends to bring up that measure in his chamber next week.
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