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Deal aims to speed tax rebates to taxpayers
WASHINGTON - The Senate passed an economic rescue plan Thursday that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the elderly.
The 81-16 vote capped more than a week of political maneuvering that ended only when majority Democrats dropped their demand that the proposal offer jobless benefits, heating aid for the poor and tax breaks for certain industries.
GOP senators blocked those ideas, but agreed to add the rebates for older people and disabled veterans to a $161 billion measure the House passed last month.
House leaders said they would act as early as Thursday night to send the measure to President Bush.
The Senate plan would rush rebates — $600 for individuals, $1,200 for couples — to most taxpayers and cut business taxes in hopes of reviving the economy. Individuals making up to $75,000 a year and couples earning up to $150,000 would get rebates.
http://www.msnbc.msn.com/id/23052292/
WASHINGTON - The Senate passed an economic rescue plan Thursday that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the elderly.
The 81-16 vote capped more than a week of political maneuvering that ended only when majority Democrats dropped their demand that the proposal offer jobless benefits, heating aid for the poor and tax breaks for certain industries.
GOP senators blocked those ideas, but agreed to add the rebates for older people and disabled veterans to a $161 billion measure the House passed last month.
House leaders said they would act as early as Thursday night to send the measure to President Bush.
The Senate plan would rush rebates — $600 for individuals, $1,200 for couples — to most taxpayers and cut business taxes in hopes of reviving the economy. Individuals making up to $75,000 a year and couples earning up to $150,000 would get rebates.
http://www.msnbc.msn.com/id/23052292/
