Bush hands firms $140bn in tax breaks
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US president George W Bush had repealed an internationally disputed export tax subsidy but lavished $140 billion (R868 billion) in new tax breaks on corporations.
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Buoyed by a clear-cut election victory, President George W. Bush pledges to make permanent the sweeping tax cuts of his first term and to simplify the nation&#39;s tax laws.
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The Senate cleared a path on Sunday for a bill to hand out about $140 billion in corporate tax breaks, but it was blocked from a final vote by a fight over a provision aimed at helping reservists on duty in Iraq.
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Congress approved a $145.9-billion package of tax relief Thursday that extends three popular middle-class tax cuts, giving President George W. Bush his fourth major tax victory since taking office.
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The Senate shipped President Bush a wide-ranging &#36;136 billion corporate tax-cut bill and a disaster aid package on Monday, letting lawmakers head home for the finale of the presidential and congressional campaigns.
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President George W. Bush will seek $140.7 billion on Monday for the U.S. Army in fiscal 2009, including increased funds to buy helicopters and other equipment, according to budget documents obtained by Reuters.
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Investor's Business Daily - Just before Christmas, President Bush declared victory in a yearlong fight to cut $23 billion from Democratic spending plans for '08.
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Investor's Business Daily - President Bush on Friday called for a $140 billion to $150 billion stimulus package, saying the U.S. needs a "shot in the arm" to keep housing woes from spreading.
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President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of tax rebates and business incentives meant to ward off a recession in the world's largest economy.
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WASHINGTON - President Bush cleared the way for $136 billion in new tax breaks on businesses, farmers and other groups yesterday, quietly signing the most sweeping rewrite of corporate-tax law since 1986.
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Just in time for the election, President Bush is going to one of the most contested states to sign his fourth tax cut in four years.
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President George W. Bush would like to see a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy, a White House document showed on Friday.
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The economic stimulus bill sent to President Bush includes a pair of tax breaks that could save companies tens of thousands of dollars on purchases of IT equipment -- if they buy this year.
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WASHINGTON A corporate tax bill that would end a trade war with Europe and shower more than 140 (b) billion dollars in tax breaks on American companies is nearing congressional approval.
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The Senate gave final approval yesterday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a 650-page measure that closes egregious tax loopholes, reduces taxes for domestic producers, and doles out tax breaks for interests ranging from tackle box makers to native Alaskan whaling captains.
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Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.
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President Bush signs a bill to settle a trade war with Europe, which awards some $140bn in new tax breaks over 10 years.