House Passes Bill To Extend Tax Cuts

Sun TImes The House Wednesday passed a bill sought by President Bush to deliver tax cuts worth $70 billion to investors and to keep 15 million taxpayers from being hit by the alternative minimum tax. The House was expected to pass the measure, and did so by a 244-185 vote. The Senate should clear the bill today. The bill provides a two-year extension of the reduced 15 percent tax rate for capital gains and dividends, currently set to expire at the end of 2008. Way to go congress. Now if only they would make them permanent.