invade iraq, subsidise the rich. oops!

  1. 3,439 Posts.
    Looks like the rich will pay for Iraq.

    WASHINGTON (CNN) -- Dealing a setback to the White House's domestic agenda, the Senate voted Tuesday to slash President Bush's proposed tax cut by more than half.

    By a vote of 51 to 48, the Senate voted to reduce the tax cut to $350 billion, down from the $726 billion proposed by Bush. Three Republicans voted with Democrats to reduce the tax cut: Sen. Olympia Snowe of Maine, Sen. Lincoln Chafee of Rhode Island and Sen. George Voinovich of Ohio.

    "This was a great victory this afternoon. We made a very irresponsible budget a little more responsible by cutting the tax cut," said Minority Leader Tom Daschle, D-South Dakota.

    Supporters of the effort to reduce the tax said concern over the cost of the war with Iraq and the escalating federal deficit contributed to their victory. The vote came on the same day that Bush sent to Capitol Hill an emergency request for $74.7 billion to cover the initial costs of the war in Iraq and the global fight against terrorism.(
 
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