Senate panel passes tax-cut plan

CNN ^ | Friday, May 9, 2003 Posted: 1:08 AM EDT (0508 GMT) | Trish Turner

[Ernest_at_the_Beach]

WASHINGTON (CNN) -- After nine hours of deliberations, the Senate Finance Committee on Thursday night emerged with a tax bill that largely resembles the agreement reached a day earlier among committee Republicans.

In a 12-9 vote, primarily along party lines, the committee approved a 10-year, $438 billion tax bill. Arkansas Democrat Blanche Lincoln, up for re-election in 2004, voted with committee Republicans for final passage of the bill.

[InvisibleChurch]

Tom Daschle admonished: "The bill before us would not encourage more jobs; it would discourage them."

if the bill would hurt America, tommy would have been all over it like ted kennedy on the 21st amendment

[FairOpinion]

I love Tom Daschle's admonishment. LOL

He is irrelevant. I hope he gets defeated in 2004.

[Brimack34]

They should start over the polls show americans favor the Bush plan. Live by the polls Dems.

[kayak]

fyi

[kayak]

fyi

[Constantine XIII]

All of this federal money going to states, especially "matching funds" for various projects, is bad juju. It's like crystal meth to these local politicians.

[KQQL]

One exceedingly unpopular measure with Breaux: a $32 billion tax increase on persons working overseas, who under current law enjoy an $80,000 income exemption.

= REPUBLICAN SENATE VOTES FOR TAX HIKE !!!!!!!!!!!!!!!!

[justrepublican]

Bump

[hchutch]

Note that this is nearly $90 billion OVER what the Senate was supposedly going to be limiting itself to ($350 billion).

The House has it at $550 billion. We'll probably see it hit the $500 billion range, which will be about 70% of what we wanted ($726 billion) by a rough guesstimate.

[samtheman]

Democratic Senate leader Tom Daschle admonished: "The bill before us would not encourage more jobs; it would discourage them."

Take whatever The Dasshole says, spin it around 180 degrees, and you've got the truth.

The fact that The Dasshole's against it is all the proof I need that it's a good bill.