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Politics:

Tax Cuts Package Poised to Pass in Senate

The tax package negotiated by President Barack Obama and GOP lawmakers is headed toward passage in the Senate even as House Democrats consider changes to the estate tax. The bill could be passed and sent to the House by Tuesday. The Senate voted 83-15 Monday evening to advance the package, which would provide a two-year reprieve from tax increases scheduled to take effect on Jan. 1 at all income levels. "This proves that both parties can in fact work together to grow our economy and look out for the American people," Obama said. "I recognize that folks on both sides of the political spectrum are unhappy with certain parts of the package and I understand those concerns. I share some of them. But that's the nature of compromise."

View Source: http://www.foxnews.com/politics/2010/12/14/tax-cut-package-poised-passage-senate/