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Congress Votes to Extend Some Tax Cuts

Congress extends for another five years President Bush's tax cuts reducing the so-called marriage penalty and boosting credits to those with children. The bill was approved by a 92-3 vote in the Senate and a 339-65 vote in the House. The cost of the package is estimated to be $146 billion.

Some lawmakers say they are concerned about adding to the budget deficit, but there's little opposition to cutting taxes a few weeks before the election.

Both President Bush and Democratic candidate John Kerry still pledge to cut the deficit in half, but many budget analysts insist that's unlikely. NPR's Jim Zarroli reports.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

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