AP Wire | 11/16/2005 | Senate considers $60 billion in tax cuts

AP Wire | 11/16/2005 | Senate considers $60 billion in tax cuts:
snip snip>>
"Overall, the Senate bill includes many more tax breaks, including new deductions for charitable giving and private mortgage insurance premiums. It also tightened some tax shelters, curbed tax breaks for charitable giving and shaved tax breaks used by oil companies.

Senate tax writers would also prevent the alternative minimum tax from hitting millions more taxpayers next year. Lawmakers must act each year to prevent the levy, designed to prevent the wealthy from escaping taxation, from hitting less wealthy taxpayers. House tax writers left that provision out of its bill."