December 6, 2005 01:00 PM | | Bookmark and Share

Passed by the Senate and pending in the House are two “tax reconciliation” bills, which, if enacted, will represent the fifth straight year of tax reductions under President Bush. The Senate plan passed the Senate by a 64–33 vote.1 The pending House plan is backed by President Bush and the House Republican leadership. The two bills differ markedly.

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