Effort to Extend Tax Cuts Gains Ground
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Republican leaders, eager to deliver a pre-election victory to President Bush, moved closer to agreement Monday night on legislation needed to extend three popular middle-class tax cuts that are set to expire this year.
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To help homeowners with high property taxes, Governor Deval Patrick is proposing to extend a disputed measure that temporarily allows municipalities to collect a greater share of taxes from business properties.
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The U.S. Senate has passed legislation that would extend a moratorium on Internet access taxes for seven years, giving supporters hope that an extension will be signed into law before the current moratorium expires Nov. 1.
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Res Publica continued to juggle the possible postponing of its promised income-tax cut last week with a potential and perhaps much-needed merger with the Reform Party.
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Congress is now poised to hand  President Bush an election-year tax cut victory after Senate  and House of Representatives negotiators on Wednesday night  agreed to extend popular tax breaks for children and couples  for five years.
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Congress is now poised to hand President Bush an election-year tax cut victory after Senate and House of Representatives negotiators on Wednesday night agreed to extend popular tax breaks for children and couples for five years.
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The government could raise an additional $400 billion or so over the next decade by tightening rules on tax shelters, simplifying the law and eliminating a range of tax breaks, many of which benefit homeowners and ordinary taxpayers, according to a congressional report.
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Lawmakers on Thursday pieced together legislation extending popular tax breaks and saving doctors from a cut in Medicare payments as Republicans prepared to cede control of Congress to the Democrats.
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Congress last night passed legislation extending some of President Bush&#39;s most-popular middle-class tax cuts - giving Mr. Bush a win heading into the final campaign stretch before Election Day.
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The day before a preliminary Senate vote to extend a soon-to-expire prohibition on Internet access taxes, Commerce and Treasury chiefs urge something more lasting.
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The ruling Uri Party on Monday proposed an income tax cut by one percentage point and additional government spending of 5.5 trillion won next year in a policy bid to stimulate the economy.
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The move hopes to raise Mexicoâs tax collection rate to offset future declines in oil revenue.
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New laws could increase your family's tax bill.
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The Senate on Tuesday prepared to take another shot at blocking an Alternative Minimum Tax increase, the latest move in a seesaw struggle between the House and Senate over how to prevent millions of middle-class people from getting soaked by the tax this year.
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Republican House leaders expressed confidence Wednesday that they will be able to extend three of popular tax cuts that are set to expire at the end of this year.
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The House and Senate last night overwhelmingly voted to extend three tax cuts aimed at the middle class along with a bevy of business-tax breaks, sending President Bush a
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Americans have resolved to improve their fiscal lot.