Congress votes to boost minimum wage, cut taxes
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Legislation to provide the first increase in the federal minimum wage in a decade won final U.S. congressional approval on Thursday, and headed to President George W. Bush to sign into law.
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The Senate voted overwhelmingly today to increase the federal minimum wage for the first time in nearly a decade, but added tax breaks for small businesses that are unacceptable to House leaders, preventing Democrats from claiming a quick victory on one of their top legislative priorities.
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The Senate voted overwhelmingly yesterday to increase the federal minimum wage for the first time in nearly a decade, but added small-business tax breaks that are unacceptable to House leaders, preventing Democrats from claiming a quick victory on one of their top legislative priorities.
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The Republican-controlled Senate smothered a proposed election-year increase in the minimum wage Wednesday, rejecting Democratic claims that it was past time to boost the &#36;5.15 hourly pay floor that has been in effect for nearly a decade.
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Pointing toward midterm elections, House Democratic leader Nancy Pelosi promised on Thursday to raise the minimum wage while cutting taxes to spur economic growth and help the middle class.
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WASHINGTON Sept. 23, 2004 - Legislation to extend several popular middle class tax cuts cleared a House-Senate conference and could be on President Bush&#39;s desk within days, handing him a major legislative
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The US 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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Union leaders and advocates for the poor are uniting behind an effort to raise the state's $6.75-an-hour minimum wage for the first time since 2001 and to tie future increases to the inflation rate, a move that would make Massachusetts only the fourth state in the nation to establish that link.
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The only opportunity this year to increase the minimum wage and renew popular tax breaks will be linked to a reduction in the estate tax, Senate Majority Leader Bill Frist, R-Tenn., said Tuesday.
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The House and the Senate overwhelmingly approved the $146 billion measure, sending President Bush what would be his fourth tax cut in four years.
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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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As the Senate moved toward passage of the first increase in the minimum wage in 10 years, Democrats in the House and Senate were trying to reconcile differences between their two bills.
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The US Congress on Thursday passed legislation to extend popular tax cuts proposed by President Bush. The measure keeps the per child tax credit at $1,000 and upholds tax relief for both married couples and many individuals.
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A $1.3 billion small-business tax  cut package aimed at winning the first minimum wage increase in  more than a decade advanced in the U.S. House of  Representatives on Monday.
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The chairman of the House taxwriting committee said Tuesday he would be willing to link tax breaks for small business to a hike in the minimum wage but that the $8 billion tax package adopted by the Senate was unacceptable.
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The Congress passed a nearly $152  billion plan to stave off an election-year recession by sending  government rebate checks to millions of Americans and providing  business tax incentives to boost spending.
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Republicans in the State Senate forced through a measure to gradually raise the minimum wage by $2 to $7.15 an hour by January 2007.