The Senate voted 51-48 today to extend some of the Bush tax cuts, affecting 98 percent of all American taxpayers, for another year. The extended tax cuts would affect citizens making up to $250,000 a year, with the Senate not voting to extend cuts for the 2 percent of Americans making over that amount.
Some good news from MSNBC.com. However, to put into context, the vote was (as described in article at Yahoo.com) a "purely symbolic vote." A competing GOP bill is expected to be voted on in the US House of Representatives next week.
The votes that will really count will not take place until after the fall general elections with the tax cuts set to expire in December.
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