Inside these posts: U.S. Senate

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Senate to act on middle class tax cuts this year

Senate Finance Committee Chairman Max Baucus Tuesday said he expects the Senate to extend middle-income tax cuts before they expire by the end of the year.

But Baucus said lawmakers were still weighing the details, including tax rates for dividends and families earning more than $250,000 a year. But he added that “clearly we will want to extend the middle income tax cuts at the very least.” Get the full story »