Corporate tax perks await final Senate OK
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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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The Senate on Monday approved $137 billion in tax breaks for corporations and special interests over 10 years, including a $10 billion buyout for tobacco farmers.
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The Senate voted overwhelmingly Thursday to boost the federal minimum wage by $2.10 to $7.25 an hour over two years, but packaged the increase with small business tax cuts and limits on corporate pay that could complicate its path to become law.
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The Senate, after a weekend of behind-the-scenes negotiations, struck a deal to allow passage of a sweeping corporate tax bill and spending measures for disaster relief and homeland security.
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The Senate cleared a path 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 reserve soldiers on active duty in Iraq.
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The US Senate on Monday passed a $136 billion corporate tax package that cuts taxes and closes loopholes. The bill, which took two years to complete, is expected to help about 200,000 US manufacturers create jobs, said Sen.
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Senators turned their attention Sunday to a wide-ranging $136 billion corporate tax bill as lawmakers whittle down their workload before leaving town for the elections.
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WASHINGTON - The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out $136 billion in new tax breaks to a wide array of U.S. companies and provide a $10.1 billion buyout for the nation's tobacco farmers...
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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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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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WASHINGTON The US Senate gave final approval Monday to a bill that would resolve a long-running trade dispute between the United States and Europe, as well as hand out about $140 billion in corporate tax breaks.
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WASHINGTON - The Senate resolved a dispute delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security last night, clearing the way for senators to adjourn today to hit the campaign trail.
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WASHINGTON - The Senate passed a far-reaching, $136 billion corporate tax package Monday that cuts taxes for businesses ranging from film companies to bow and arrow makers while closing tax loopholes and bringing U.S. exporters in line with international trade rules...
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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 and $10.1 billion separately to buy out tobacco farmers' government quotas...
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The Senate resolved a dispute late Sunday delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security, clearing the
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Election year politics result in the passing of a multi-billion dollar tax cut package. The Senate overwhelmingly approved the measure 92-3 last night.
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The Senate appears to be nearing a final vote on a bill that would give President Bush one of his top second-term priorities by shifting many class action lawsuits from state to federal courts.