Finance Committee: Tax Bill Markup Postponed

The Finance Committee has postponed their markup of the $69 billion tax cut bill, originally scheduled to take place at 10:00 this morning. The markup was postponed because Grassley did not have the support of Republican Olympia Snowe (R-ME), who is opposed to the extension of low tax rates for capital gains and dividends. Apparently committee-only negotiations are taking place to possibly remove the $11 billion, one-year extension to placate Snowe, however this move raises the ire of a number of panel Republicans, especially Sens. Lott (R-MS) and Kyl (R-AZ). CNN.com: Republican Tax Cuts Hit Snag
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