Senate Passes $136 Billion Corporate Tax Bill
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The federal tax bill was approved by the Senate 69-17 after passing the House a week earlier by 280-41. Mr. Bush is expected to sign it, claiming it as support for the economy -- even though
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Tucked into that $136 billion in corporate tax breaks President Bush just signed was the point of the bill: Lifting a $5 billion annual export subsidy the World Trade Organization had ruled illegal.
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A corporate tax bill offering huge tax breaks to US manufacturers in return for removing export subsidies is approved by Congress.
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President George Bush Friday, without ceremony, signed into law a $136 billion US corporate tax cut bill. The bill gives tax breaks to a range of businesses from farmers to Hollywood producers to large corporations.
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WASHINGTON - The Senate, in an unusual Sunday session, saw its effort to pass a sweeping corporate tax bill grind to a halt in the face of delaying tactics by a Louisiana senator upset that the measure did not include pay support for members of the Reserves and National Guard.    By a 66-14 vote, lawmakers did agree to limit debate on the tax bill, which provides $136 billion in new tax breaks for businesses $10.1 billion to buy out tobacco farmers' government quotas...
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With no fanfare, President Bush on Friday signed the most sweeping rewrite of corporate tax law in nearly two decades, showering &#36;136 billion in new tax breaks on businesses, farmers and other groups.
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WASHINGTON - Without fanfare, President Bush Friday signed into law a bill containing nearly $140 billion in corporate tax cuts denounced by critics on both sides of the aisle as a giveaway to special interests.
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WASHINGTON - A corporate tax bill that would dole out nearly $140 billion in business breaks over the next decade is scheduled for a Senate vote today after an unexpected delay Sunday over its failure to include a tax credit for employers who keep active
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President George W. Bush signed a $136 billion corporate tax relief bill yesterday that could provide substantial savings for some of Massachusetts' biggest manufacturers, life sciences companies, and even some fishermen.
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The drive to pass a $136 billion corporate tax bill hit a roadblock in the Senate yesterday when lawmakers upset about tobacco regulation, new overtime rules, and combat pay employed delaying tactics to keep the measure from coming up for a vote.
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WASHINGTON President Bush has signed into law the most sweeping rewrite of corporate tax law in nearly two decades. Bush signed the bill today with no fanfare, during a flight on Air Force One to a campaign stop in Pennsylvania.
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US Senate and House of Representatives negotiators agreed on Wednesday on a huge corporate tax bill that will repeal export subsidies that violate global trade rules and give manufacturers a new tax break.
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The US House of representatives on Thursday passed a new corporate tax bill designed to end the trade war with Europe but the bill gives more tax cuts for some business including farmers and big companies.
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Congress gave final approval Monday to a 10-year, $136 billion package of business tax breaks that represents the biggest change in the corporate tax code in two decades
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The Senate on Sunday removed the last major hurdle stalling passage of the most sweeping overhaul of corporate taxes in nearly two decades.
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The House last night passed the most sweeping rewrite of corporate tax law in nearly two decades, a measure designed to end a nasty trade war with Europe and shower $136
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The House on Thursday passed the most sweeping rewrite of corporate tax law in nearly two decades, a measure designed to end a nasty trade war with Europe and shower $136 billion in new tax breaks on businesses, farmers and other groups.</