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Article: Senate passes tax cut; White House next stop.
- Article from:
- United Press International
- Article date:
- May 26, 2001
CopyrightCOPYRIGHT 2001 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, May 26, 2001
The U.S. Senate on Saturday approved a $1.35 trillion tax package giving American taxpayers across-the-board income tax reductions over the next 10 years and handing President Bush his first major legislative victory. It is the largest tax reduction since 1981.
The Senate passed the bill on a 58-33 vote.
The House had passed the measure earlier in the day on a vote of 240-154 with 211 Republicans, 28 Democrats and one Independent voting in favor of the measure, and 153 Democrats and one Independent voting against.
Under the bill, which now goes to the White House for Bush to sign, overall withholding rates will ...