August 1, 2006 04:07 PM | Permalink | 
The latest budget-busting tax cut passed by the U.S. House of Representatives on July 28 is likely to be considered by the Senate this week. The bill, HR 4, would make permanent so-called “savings incentives” tax breaks that benefit higher-income families who need the least help in trying to save—and reduce federal revenues by billions of dollars at a time when deficits remain worryingly large.
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