Senate Passes Tax Legislation

Earlier on this blog, I discussed the status of the federal tax reconciliation legislation.

Yesterday, May 11, 2006, the Senate approved the bill 54 to 44.  On Wednesday, May 10, 2006, it passed the House.  Accordingly, it is now being sent to President Bush who is expected to sign the legislation.

See Edmund L. Andrews, Senate Approves 2-Year Extension of Bush Tax Cuts, NY Times, May 12, 2006.