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September 23, 2004
Chutzpah Watch
From the Washington Post
The House and the Senate overwhelmingly voted last night to extend three tax cuts aimed at the middle class, along with an array of business tax breaks, sending President Bush a $146 billion tax cut that would be his fourth in four years.
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The legislation would extend the $1,000-per-child tax credit, rather than letting it slip back to $700 next year. It would extend tax breaks for married couples that otherwise would also have to be trimmed in 2005. And it would prevent the 10 percent income-tax bracket from being applied to smaller amounts of earned income, as was the case in the past.
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Kerry said in a statement: "Millions of American families are being squeezed by the weak Bush economy, falling incomes and rising health costs, and we should extend middle-class tax breaks to help them."
Posted by Darleen at September 23, 2004 10:58 PM