Senate passes huge tax break package

[maddezmom]

Source: AP

WASHINGTON - The Senate passed a giant tax package Tuesday that saves more than 20 million taxpayers from the bite of the alternative minimum tax.

At a cost of more than $100 billion, the bill also nudges the nation toward greater use of alternative energy resources, renews popular tax breaks for businesses and individuals, and extends relief to disaster victims.

It includes a provision to ensure that mental health problems get the same level of insurance benefits as other medical treatment. The bill passed 93-2.

"The economy is struggling," Senate Finance Committee Chairman Max Baucus, D-Mont., said. "At times like these, Americans need tax cuts that they've come to count on, that can help them get by."



Read more: http://news.yahoo.com/s/ap/20080923/ap_on_go_co/tax_breaks;_ylt=Armm0rgROxJAYAAJ9epYPUGyFz4D

[Tandalayo_Scheisskopf]

1. Ooooo.

Looks like the repukes are crumbling by the hour.

Or shall we call them "The Whigs"?

[mwooldri]

2. No, not Whigs. Tories.

Maybe I still got my UK hat on but Liberal Democrats -> Liberal -> Whigs.
Conservatives -> Tories.

Apologies to the Irish though.

Mark.

[SharonRB]

3. Has this already passed the House? n/t

[kirby]

4. Just kick the problem until next year... n/t

[Roland99]

5. I hope they help out with the AMT..that's gonna bite me this year.

[bemildred]

6. $100 billion is no longer huge.

$1 trillion is now huge.