Senate to Vote on $70 Billion Tax Package

By Steve Inskeep

Published May 11, 2006 at 8:25 AM EDT

JOHN YDSTIE, host:

The Senate is expected to vote today on a bill providing tax relief to investors. It would provide tax cuts worth more than $70 billion over five years. The legislation provides a two-year extension of the reduced 15 percent tax rate for capital gains and dividends currently set to expire at the end of 2008.

The bill would also help the millions of taxpayers facing the alternative minimum tax. The bill passed the House yesterday. President Bush has said he will sign it. Transcript provided by NPR, Copyright NPR.

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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.

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