The House and the Senate overwhelmingly voted last night to extend three tax cuts aimed at the middle class, along with an array of business tax breaks, sending President Bush a $146 billion tax cut that would be his fourth in four years.
With the approval of the legislation, virtually all of Bush's first-term tax agenda -- four tax measures worth nearly $1.9 trillion over 10 years -- would survive a potential second Bush term.
The tax cut passed the House 339 to 65 last night. It then passed the Senate 92 to 3, with only retiring Ernest F. Hollings (D-S.C.) and budget hawks Olympia J. Snowe (R-Maine) and Lincoln D. Chafee (R-R.I.) opposed.
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