U.S. House Approves $70 Billion Tax Cut Bill

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006818-us-house-approves-70-billion-tax-cut-bill/

In a 244-285 decision, the House approved a $70 billion tax cut package, according to a Reuters story.

The decision was lambasted by Democrats, who see the cut as helpful only to the rich while simeltaneously deepening budget deficits.

The Senate is expected to pass the bill in a class vote today.

Featured Resources