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Republicans To Settle For $1.35 Tril Tax Cut.(A)
Byline: AP
House and Senate Republicans tentatively agreed Tuesdayto push for an 11-year, $1.35 trillion tax cut, GOP aides and lawmakers said.
The deal would give President Bush most of the tax reduction he wants and resolve one of the two outstanding issues blocking completion of a 2002 budget.
Under the agreement, taxes would be cut by $1.25 trillion between 2002 and 2011. That's $350 billion less than Bush insisted on for more than a year.
There would also be a $100 billion tax cut aimed at stimulating the economy.It would be enacted this year but would cover 2001 and 2002.
Details of the agreement were disclosed by GOP aides speaking on condition of anonymity.
Evenly Split Senate
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