The Senate passed a bill containing $70 billion in tax cuts, part of a budget push Republicans are hoping will lead to an extension of President Bush's tax cuts.
The central feature of the tax bill is a one-year reprieve on the alternative minimum tax for millions of middle-class families. The AMT relief is set to expire at the end of 2005, meaning about 20 million families would have to pay when they file their returns for the 2006 tax year.
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