Tax Cuts

A reliable source on the Hill has told me that conferees may have reached a compromise on the 2005 tax reconciliation bill and could hold a vote on it before Easter recess. That may not seem like a lot of time to put things together, but GOP politicians always like to brag about something when they go back to their districts and this is a gem -- it would extend the pro-growth capital gains and dividend tax cuts for 2 extra years. Since this bill is under reconciliation and kept under "cost", then the filibuster and 60 vote point-of-orders aren't allowed. Passage in the House will be easy. Passage in the Senate will be close, but should be fine. UPDATE (2:56pm): CQ.com ($) is reporting that the House will possibly vote tomorrow with the Senate waiting until after the break. Dan Clifton correctly points out that that could spell trouble. The Senate Dems could use those two weeks to create a fury of opposition. However, we have 5 votes to give away and that seems unlikely. But these days you never know.