WASHINGTON, Dec. 8 - The House of Representatives passed the last and biggest portion of $95 billion in tax cuts today, a move that reflected the willingness to place tax cuts above the risk of higher budget deficits in years to come.
Voting 234 to 197, almost purely along party lines, the House approved $56 billion in tax cuts over five years, just one day after it passed other tax cuts totaling $39 billion over five years. The biggest provision would extend President Bush's 2001 tax cut for stock dividends and capital gains for two years at a cost of $20 billion. All of the House's maverick Republican conservatives, who had criticized their party leaders two months ago for being too soft about spending cuts, voted enthusiastically for the tax cuts, which add up to nearly twice as much as the spending cuts passed last month.
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