Citing a lack of Republican support, Senate Finance Committee Chairman Charles Grassley, R-Iowa, yanked a near-$70 billion tax bill prior to a committee vote -- a measure that would have extended 15 percent rates on capital gains and dividends for five years.
Maine Republican Senator Olympia Snowe blocked the committee vote following her refusal to support the bill, which would have given the measure's supporters an 11-9 margin. She also vetoed a later compromise which would have extended the 15 percent rates by one year.
The Finance Committee said that the mark-up had been rescheduled for Monday, November 14.
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