Congress Acts on Tax Cut, Funding Legislation
By Caitlin Jones
1 min read
Tax Credit Advisor, January 2011: Congress passed a major tax cut plan containing “extenders,” and was deciding how to fund the federal government into 2011, as the Tax Credit Advisor went to press in mid-December.
As the 111th Congress wound down toward adjournment, the Senate on December 15 approved a modified version of the tax cut extension package negotiated by President Obama with Republican leaders. The measure was forwarded to the House of Representatives, which subsequently passed it. The bill now goes to President Obama for his signature.
