Sunday, January 25, 2009

Senate Finance Bill

The Senate Finance Committee proposed 275 billion in tax cuts as part of an economic stimulus package to help jump start the sagging US economy. The Senate Finance legislation, which will be debated and amended by the committee on Jan. 27, will be part of the Senate Democrats' overall economic recovery package. The Senate package is similar to the one the House Ways and Means passed last week in that it contains:

  • Make Work Pay credit.

  • Child tax credit.

  • Help for the unemployed.

  • Business loss tax breaks.
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