Senate votes to halve tax proposed tax cuts

Posted by | March 25, 2003 | politics | No Comments

BBC NEWS | Business | Senate reverses Bush tax cuts

“Moderate Republican Senator George Voinovich said that ‘we are at the edge of a fiscal precipice if we keep going the way we are, particularly with this war hanging over us'”

With the full tax cut plan having benn approved by the House of Representatives the differences between the two branches of Congress will have to be resolved when the bill goes to the conference stage.