Senate rejects tax cuts

March 13, 2008 9:02:31 AM PDT
The Senate has rejected legislation an extension of President Bush's tax cuts for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates. The partisan 52-47 vote was largely symbolic and followed an overwhelming vote endorsing cuts aimed at low-income workers, married couples and people with children. But it put senators in both parties on the record for when the tax cuts actually expire in three years.

Arizona Sen. John McCain, Republican presidential nominee-in-waiting, voted for the additional tax cuts. Democratic rivals Hillary Clinton and Barack Obama voted against them.

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