Congress Passes Tax Cuts –

Congress passed the bill to extend the Bush era tax cuts for another two years.  The bill also includes estate tax provisions that increase exemptions and address gift tax and generation skipping tax issues.  Today, the House voted 277-148 in support of the bill and on December 15th the Senate voted 81-19.

To read a related Bloomberg article, please click here

http://www.bloomberg.com/news/2010-12-17/house-votes-to-debate-obama-s-858-billion-tax-cut-deal-with-republicans.html

Jim Sutliff

This entry was posted in Democrat, Economic News, General, Political News, Republican, Tax. Bookmark the permalink.