Senate Votes on Budget with Smaller Tax Cuts than Bush Wanted - KTRE.com | Lufkin and Nacogdoches, Texas

03/26/03 - Washington, D.C.

Senate Votes on Budget with Smaller Tax Cuts than Bush Wanted

Senate Republicans may make a last-minute effort to restore billions of dollars that were cut yesterday from the tax cut President Bush wants to boost the economy.

Senate Democrats aided by a handful of moderate Republicans yesterday slashed the 726 billion-dollar package by more than half, to 350 billion. They argue the cuts make no sense with an expensive war under way and the deficit soaring toward new records.

Republicans have prepared a stack of new amendments that could increase the size of the tax cut. But Senate Budget Committee Chairman Don Nickles says he won't offer them unless he thinks he'll win.

The cuts are part of the 2.2 trillion-dollar budget facing a Senate vote this afternoon.

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