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But critics complained that the measure would lead to rate increases.
Analysts and opponents in Parliament had warned that the measure would lead to a sharp increase in prices.
Critics, led by chambers of commerce, say the measure would lead to lost jobs, chaos and expensive court battles.
Such a measure would lead to increased payments by about the top 5.2 percent of wage earners.
Opponents, including the Roman Catholic Church, said the no-fault measure would lead to higher divorce rates.
Many Democrats feared that measure would lead to conflicts, as investment firms pitch workers products for which they could earn a fee.
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Republicans assured us that these measures would lead to rapid growth.
Critics of the legislation, especially SB 350, said the measures would lead to further economic hardship and job loss.
The group says the measures would lead to the loss of about 73,000 jobs, most in the private sector.
If approved by Parliament, the measures would lead to an overall tax cut of $22 billion by 2005, on top of cuts of $15 billion already agreed for this year.
But White House officials and Congressional Democrats said they expected the measures would lead to relief during the coming year for virtually all young illegal immigrants facing deportation who might have won legal status under a bill called the Dream Act.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com