Skip Navigation

Scout Archives

Home Projects Publications Archives About Sign Up or Log In

GOP Tax Cut Bill Passes Senate

Yesterday, the US Senate narrowly approved a $792 billion tax cut, 50-49. The bill, which was passed by the House with a vote of 221-206, would, among other things, cut all five income tax rates by one percentage point, lower capital gains rates, and eliminate death taxes on estates. The bill will not be sent to President Clinton -- who opposes the size of the cut and favors using the projected budget surplus to shore up Social Security and Medicare -- until Congress returns from the August recess. The President has promised to veto the measure, and both parties will, no doubt, spend the next month advocating their respective positions to the voters. The sites listed provide more information about the tax cut bill.
Archived Scout Publication URL
Scout Publication
Language
Date of Scout Publication
August 6th, 1999
Date Of Record Creation
April 3rd, 2003 at 12:38pm
Date Of Record Release
April 3rd, 2003 at 12:38pm
Resource URL Clicks
1

Internal

Cumulative Rating
0
Add Comment

Comments

(no comments available yet)