Washington (May 119, 2003) -- The Senate last week passed legislation authored by Sen. Chuck Grassley, chairman of the Committee on Finance, to jumpstart the economy by providing broad tax relief to individuals, families, and small businesses. The legislation also reins in unfair corporate tax loopholes.
The vote was 51-49 for the package. Before it passed, the Senate voted to cut the tax on corporate dividends by half this year and then suspend it three years. That measure passed by an even slimmer margin, 51-50, with Vice President Cheney casting the tie-breaker.
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