Retail Groups Laud Senate Tax Bill

The Senate overwhelmingly passed a measure that would extend the Bush-era tax cuts for two more years and would set the estate tax at 35%, with a $5 million exemption, winning praise from retail groups.

WASHINGTON — The Senate on Wednesday overwhelmingly passed a measure that would extend the Bush-era tax cuts for two more years and would set the estate tax at 35%, with a $5 million exemption, winning praise from retail groups.

In an 81-to-19 vote, the Senate preserved the lower tax rates for all income levels, and also agreed to extend unemployment benefits. Also included was a one-year Social Security payroll tax cut for most workers.

Of significant concern to many r

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