House Completes Vote on Tax Cuts for $95 Billion
House passes last and biggest part of $95 billion in tax cuts, reflecting willingness to place tax cuts above risk of higher deficits; voting 234 to 197, almost purely along party lines, House approves $56 billion in tax cuts over five years, one day after it passed other tax cuts totaling $39 billion over five years; biggest provision extends Pres Bush's 2001 tax cut for stock dividends and capital gains for two years at cost of $20 billion; Federal Reserve chairman Alan Greenspan had urged lawmakers not to approve more tax cuts unless they cut spending by at least the same amount; more cautious Senate package, passed weeks ago, cuts taxes by $60 billion over five years and does not extend tax cut on dividends; conflict is unlikely to be resolved before Christmas recess; conflict between tax bills means taxpayers face uncertainty about popular cuts that are set to expire at end of 2005, including alternative minimum tax; Democrats accuse Republicans of expanding cuts to very richest families while cutting programs that benefit poor; Bush administration expresses preference for House bill, and Bush threatens to veto final bill if it includes windfall profits tax on oil companies; House and Senate negotiators reach compromise to extend USA Patriot Act, although some Democrats are threatening filibuster; chart details tax and spending cuts (M)
