Congress Passes $145 Bln Tax Cut, Ends Export Subsidy
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The US Congress approved a $145 billion bill providing new corporate tax breaks and a buyout for tobacco farmers as part of legislation that eliminates an export tax credit ruled illegal by the World Trade Organization.
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Senate negotiators said late Wednesday afternoon that they had cleared the way for Congress to approve a new Internet access tax moratorium that will ban tariffs on most dial-up and broadband connections for the next four years.
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U.S. 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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A provision in the tax bill that Congress passed last week would reduce taxes at two military contractors by nearly $500 million over 10 years.
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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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Legislation to free hundreds of millions of dollars in subsidies for school Internet connections that had been frozen by a change in accounting rules won final approval on Wednesday from the U.S. Congress.
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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
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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 overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage. The vote on the tax cuts was 360-45.
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The U.S. House of Representatives overwhelmingly approved a $1.8 billion small business tax cut package on Friday aimed at winning passage of a $2.10 increase in the hourly minimum wage.
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The US Congress has agreed in principle a huge corporate tax bill providing tax breaks for manufacturers in return for repealing export subsidies.
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US House and Senate negotiators agreed on a $146 billion tax-cut plan that includes the renewal of four breaks for middle-income families and 23 business provisions.
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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 European Union said it was removing $4 billion in trade sanctions on American products after the U.S. repealed what Europeans considered an illegal export tax break.
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The U.S. Senate easily gave final congressional approval on Monday to a huge corporate tax bill that aims to end a trade fight with the European Union by repealing U.S. export tax subsidies that violate global trade rules.
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WASHINGTON  -The Republican-led 109th Congress ended on Saturday, sending President Bush legislation to normalize trade with former enemy Vietnam, renew popular tax cuts, open the Gulf of Mexico to new oil and gas drilling and keep the government running.
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The Senate gave final approval Monday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a sprawling, 650-page measure that closes