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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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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Major features in the &#36;145.94 billion tax cut package signed by President Bush on Monday, with the estimated 10-year cost of each item:
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The U.S. House of Representatives on Tuesday overwhelmingly approved a plan to give the U.S. economy a $146 billion election-year boost through tax rebates and other measures to stave off a possible recession by boosting business and consumer spending.
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WASHINGTON : The US House of Representatives repealed a controversial tax break for US corporations in a bid to end hefty European Union trade sanctions more than a year after the World Trade Organization ruled against the practice.
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WASHINGTON -- The Senate passed a far-reaching, $136 billion corporate tax package today 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 international
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The U.S. Congress on Thursday agreed  to extend popular tax cuts for children and married couples,  giving President Bush an election-year victory on his core  economic issue.
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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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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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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 House overwhelmingly approved a $146 billion shot in the arm for the nation's ailing economy yesterday, sending a stimulus package to the Senate with a bipartisan appeal not to slow down the bill with significant changes.
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A huge tax bill that Congress passed last week contained a little-noticed gift for select corporations -- tens of millions of dollars in breaks on import tariffs.
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WASHINGTON: The US House of Representatives on Saturday approved a final $422 billion bill for defence programmes that backs next yearâs round of military base closures and kills a proposed $23.
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Congress on Thursday rushed to pass a $145.9 billion package of tax relief that would extend three popular middle class tax cuts and hand President Bush his fourth major tax victory since taking office.
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Sen. Mary Landrieu, D-La., ended her stalling tactics on a corporate tax bill Monday after Senate leaders agreed to pass a modified version of her proposal to give tax breaks
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The House today overwhelmingly approved a $146 billion shot in the arm for the nation's ailing economy, sending a stimulus package to the Senate with a bipartisan appeal to senators not to slow the bill with significant changes.
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A bill that would end a nasty trade war with Europe and shower more than &#36;140 billion in tax breaks on American companies is nearing congressional approval.