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25 Jul

Senate passes Democratic tax plan, likely to fail in House

U.S. Senate Majority Leader Reid speaks during his news conference on the payroll tax cut extension in WashingtonDemocrats and Republicans conducted an exercise in political theater Wednesday by holding Senate votes on their competing tax proposals, even though both appeared destined for failure. The Democratic bill–which extends tax cuts through 2013 for all individuals except those who jointly earn over $250,000, passed in the Democratic-controlled Senate by a vote of 51 to [...]



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