The Senate voted yesterday to slice President Bush’s $1.6 trillion tax cut by nearly a third to provide more funds for education and debt reduction, dealing an unexpected and significant blow to the administration’s top legislative priority. The Democratic proposal picked up the backing of 49 of the chamber’s 50 Democrats, as well as three Republican moderates, who said the president’s proposed budget outline devotes too much money toward cutting taxes and not enough toward other domestic priorities.
Senate Votes to Slash Bush Tax Cut by Nearly a Third
HeadlineApr 05, 2001