Corporate tax breaks ready for vote today
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The Senate late yesterday resolved a dispute delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security, clearing
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Fueled in part by election-year politics, a massive 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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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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WHITE HOUSE Without fanfare, President Bush has signed a package of changes in corporate tax law -- giving 136 (b) billion dollars in new tax breaks to businesses, farmers and others.
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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.
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President Bush showered &#36;136 billion in new tax breaks on businesses, farmers and other groups Friday, quietly signing the most sweeping rewrite of corporate tax law in nearly two decades.
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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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WASHINGTON - 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.    In an unusual Sunday session, the Senate planned to vote on ending procedural roadblocks opponents have used to snarl the tax legislation, which contains breaks for everything from large corporations to importers of Chinese ceiling fans...
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IN THE HEADLINES: McCain proposes economic plan with corporate tax break ... Huckabee campaigns against 'Washington insiders' ... Giuliani pins his hopes for GOP nomination on a victory in Florida
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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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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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WASHINGTON - President Bush cleared the way for $136 billion in new tax breaks on businesses, farmers and other groups yesterday, quietly signing the most sweeping rewrite of corporate-tax law since 1986.
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Key provisions of the corporate tax bill pending before the Senate for a vote Monday on final approval. The cost estimates over 10 years come from the Joint Committee on Taxation:
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Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.
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TOMORROW, a House-Senate conference committee will try to iron out a compromise version of a complex overhaul of corporate taxation.
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House and Senate negotiators agreed Wednesday on an ambitious corporate tax bill that would shower billions of dollars in tax breaks on beneficiaries from old-line manufacturers to Alaskan whalers -- and includes a controversial $10 billion buyout of the nation's tobacco farmers.
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WASHINGTON In an act of pre-election largess, US House and Senate negotiators have approved a sprawling corporate tax bill that would shower corporations and farmers in politically sensitive states with about $145-billion worth of new tax cuts.