House Passes Compromise Tax Cut
WASHINGTON (AP) _ The House easily passed a compromise tax cut Saturday that will provide broad tax relief over the next decade, starting this year when taxpayers will receive some 95 million refund checks. Single taxpayers will get up to $300 and married couples $600.
The 240-154 vote sent the bill to the Senate, which was also meeting in a rare Saturday session. Senators were expected to give the 10-year, $1.35 trillion measure final approval, meeting President Bush’s goal of winning passage by Memorial Day.
``This morning, we’re returning some of the taxpayers’ money,″ said House Ways and Means Committee Chairman Bill Thomas, R-Calif., one of the bill’s chief authors.