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.
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:
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