New Year Will Likely Include New Tax Scheme
At press time in mid-December, all odds were in favor of both the House and Senate passing the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Senate Nears Vote on Obama-GOP Tax Bill
The U.S. Senate is scheduled to hold a cloture vote on Monday on the Obama-GOP compromise tax and unemployment insurance bill. The Senate is likely to approve the bill itself on Dec. 14.
Senate Majority Leader Reid Introduces Tax Cut, Unemployment Extension Bill
The Senate began to debate on Thursday evening the $898 billion bipartisan tax cut bill that was introduced by Senate Majority Leader Harry Reid, D-Nev., earlier in the day.