Senate breaks stalemate, passes jobs legislation

The Senate passed a $5.1 billion jobs and recession-relief bill without a controversial provision to repeal tax witholding on interest and dividends. Senate Republican leader Howard Baker freed the jobs bill by promising Sen. Robert W. Kasten Jr. (R) of Wisconsin action beginning April 15 on repeal of the 10 percent withholding tax on interest and dividend income. Kasten had blocked final action on the jobs bill by offering the withholding provision as an amendment.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK