Deal in Congress to Keep Tax Cuts, Widening Deficit
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Lawmakers agreed to extend $145 billion worth of tax cuts sought by President Bush without trying to pay for them.
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The Congress party and a key ally hammered out a deal on Wednesday under which Congress would retain the top job in the country's second most populous state, ending days of haggling after winning polls this month.
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WASHINGTON, DC -- The Senate struck a deal Monday to allow passage of a sweeping corporate tax bill. The agreement on that and two other measures clears the way for the Senate to adjourn on Monday and hit
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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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House and Senate negotiators reached a deal Wednesday to boost aid to college students by cutting roughly $20 billion in government subsidies to banks that issue student loans.
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Republican House leaders expressed confidence Wednesday that they will be able to extend three popular tax cuts that are set to expire at the end of this year.
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The U.S. Congress on Wednesday  passed a stop-gap bill to keep the government running into  November avoiding some tough election-year votes as Republican  admitted they could not finish their budget work.
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Legislation extending three popular middle-class tax cuts for the rest of the decade sailed through Congress by lopsided votes in both the House and Senate, giving President Bush a major legislative victory on his signature economic issue, tax relief.
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President Bush signed into law a fourth tax cut in less than four years, extending tax relief for married couples, parents and businesses during a well-timed ceremony in this battleground state.
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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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Representative Charles B. Rangelâs proposal has shaped the debate over whether to keep President Bushâs tax cuts.
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With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
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After adding a host of special-interest tax cuts aimed at garnering support from individual senators for the overall bill, the congressional Republican leadership is poised to gain
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WASHINGTON - Legislation extending three popular middle-class tax cuts for the rest of the decade sailed through Congress by lopsided votes in both the House and Senate, giving President Bush a major legislative victory on his signature economic issue, tax relief.    Many Democrats complained during debate Thursday that the majority Republicans who control Congress should have offset the lost revenue to keep the nation's soaring deficits from getting worse...
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With lopsided margins in both houses, Congress gave President Bush his fourth tax cut in four years, extending three popular middle-class tax breaks and reviving some expired business tax incentives just six weeks before the election.
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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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Congress approved a $145.9-billion package of tax relief Thursday that extends three popular middle-class tax cuts, giving President George W. Bush his fourth major tax victory since taking office.