Senate Signals Repeal of Bush Tax Cuts

[aren't I prophetic...]

The Senate on Thursday gave a sweeping endorsement to some of President Bush's tax cuts but rejected renewing others as all three major presidential candidates interrupted their campaigns to cast key votes on the budget. The chamber voted 52-47 to reject a move by Sen. Lindsay Graham, R-S.C., to extend Bush's tax cuts for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates.

Arizona GOP Sen. John McCain, Republican presidential nominee-in-waiting, voted for the full roster of Bush tax cuts. Rivals Hillary Clinton, D-N.Y., and Barack Obama, D-Ill., both voted against them.

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