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?