Friday, May 12, 2006

Yeah, thanks...

WASHINGTON - The Senate gave final approval Thursday to a $70 billion election-year package of tax cuts that will extend lower rates for investors and also save billions for families with above-average incomes.

The Senate passed the measure by a 54-44 vote, clearing it for President Bush's signature.

The legislation provides a two-year extension of the reduced 15 percent tax rate for capital gains and dividends, currently set to expire at the end of 2008.


The average American will see a $20 - $50 tax break. Those making around $2mln will receive $82,000. Enjoy that half a tank of gas. Tell me, how's that $300 you got a couple years ago working out for ya?

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