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Senate Tax Cut Package Filled With Sweeteners, Obama Predicts PassageThe sweeping tax cut bill introduced Thursday night by Senate Majority Leader Harry Reid is chock-full of sweeteners which could serve as a legislative pacifier for Democrats outraged over the concessions President Obama has handed to Republicans. The stimulus-sized package includes about $55 billion worth of short-term tax extensions for businesses and individuals. They cover a host of alternative energy credits, a potential salve for environmentally conscious lawmakers, as well as targeted benefits for everything from the film and television industry to mining companies to rum producers. The compromise package extends the Bush tax cuts for everybody for two years. It extends long-term unemployment aid for one year, as well as implements a one-year reduction in the Social Security payroll tax on employees.
