U.S. Senate passes tax plan - WSFA.com Montgomery Alabama news.

U.S. Senate passes tax plan

WASHINGTON, D.C. (WSFA) - The U.S. Senate has overwhelmingly passed a tax package compromise between Republicans and the President.

The bill is an extension of the tax cuts enacted under President George W. Bush, which is set to expire January 1st.

The bill will save thousands in higher taxes for millions of taxpayers over the next two years.

It will reduce social security taxes for a year and extend jobless benefits for 13 months.

The bill now goes to the U.S. House.

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