Senate votes 81-19 to approve tax cut compromise

By Sara Wyant

© Copyright Agri-Pulse Communications, Inc.



Washington, Dec. 15 - The Senate voted 81-19 Wednesday to pass an $858 billion tax relief and unemployment benefits package.

Globally Positioned Agriculture

The compromise package, struck by President Obama and Senate Republican Leader Mitch McConnell (R-KY), now goes to the House where several Democrats still continue to raise concerns about the estate tax provisions. Democrats are debating whether to rewrite the estate tax provision and substitute a 45-percent tax on estates over $3.5 million in place of the tax compromise's 35-percent tax on the amount of an individual's estate over $5 million, or over $10 million for couples.

The 19 senators, including 13 Democrats, 5 Republicans, and one independent, who voted against final passage were:

Bingaman (D-NM)
Coburn (R-OK)
DeMint (R-SC)
Dorgan (D-ND)
Ensign (R-NV)
Feingold (D-WI)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Merkley (D-OR)
Sanders (I-VT)
Sessions (R-AL)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Wyden (D-OR)

To return to the News Index page, click: www.agri-pulse.com

#30


Terms of Use | Privacy Policy
blog comments powered by Disqus