Corporate Tax Law Overhaul Passage Likely
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The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out &#36;136 billion in new tax breaks to a wide array of U.S. companies and provide a &#36;10.1 billion buyout for the nation's tobacco farmers.
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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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Taking on the most sacred cow in US tax policy -- corporate deductions -- is sure to be President Bush&#39;s biggest hurdle. BY MARILYN GEEWAX.
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WASHINGTON - 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.    The agreement clears the way for the Senate to adjourn on Monday and hit the campaign trail following the lead of the House, which left town on Saturday until after the Nov...
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Bill allows deduction of sales tax: Package could also help Nevadans with its renewable energy incentives. WASHINGTON - The Senate passed a far-reaching, $136 billion corporate tax package Monday that cuts
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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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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 looming political battle over how to reform the tangled US income tax code could get ugly. But one option, a tax aimed at boosting savings, holds promise.
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WASHINGTONââ Senators are turning their attention 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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Fueled in part by election-year politics, a bill loaded with tax breaks and topped off by a $10.1 billion buyout for tobacco farmers was advancing toward a final vote in the House as early as today.
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House and Senate negotiators approved a sprawling corporate tax bill that would shower corporations and farmers in politically sensitive states with new tax cuts.
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The Senate today passed a far-reaching, $136 billion corporate tax package that cuts taxes for businesses ranging from film companies to bow-and-arrow makers while closing tax loopholes and bringing US exporters in line with
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Will portions of the overhaul have an impact on your taxes?
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The looming political battle over  how to reform the tangled U.S. income tax code could get ugly.  But one option, a tax aimed at boosting savings, holds promise.
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Tax experts said Friday they expected President Bush's new tax panel to recommend incremental change to the tax code, not a fundamental replacement.
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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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The US Senate on Monday passed a corporate tax bill that would dole out 136 billion dollars in new tax breaks to a wide array of US companies.