The Senate approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy.
The Senate approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy.
The measure is dead on arrival in the Republican-controlled House, where leaders are preparing to vote next week on their own plan to extend the George W. Bush-era tax cuts for households at every income level through 2013.
But Democratic lawmakers said the Senate’s 51-48 vote is a political breakthrough that strengthens their election-year argument that Republicans are holding tax cuts for the middle class hostage in order to maintain breaks worth $160,000 a year to the average millionaire.
Read more at The Washington Post.
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