The House of Representatives passed the final piece of $95 billion in tax cuts in early December, in a vote split mostly along party lines.The most recent bill approved $56 billion in tax cuts over the next five years, including a two-year, $20 billion extension of President Bush's 2001 tax cut for stock dividends and capital gains.
The budget that the House passed just before Thanksgiving would cut $51 billion over five years from programs like Medicaid, food stamps, farm subsidies and child-support enforcement. Meanwhile, the version of a budget passed by the Senate would cut taxes by $60 billion over five years, and not extend the tax cut on stock dividends.
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