Corporate Tax Law Overhaul Passage Likely
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WASHINGTON - The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out $136 billion in new tax breaks to a wide array of U.S. companies and provide a $10.1 billion buyout for the nation's tobacco farmers...
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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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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 $10.1 billion to buy out tobacco farmers' government quotas...
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Plans to make the tax system easier for small businesses will be outlined by the Conservatives later.
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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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House Democrats plan to vote next week on a package of small-business tax breaks that could ease the way for final congressional action on legislation to raise the minimum wage.
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WASHINGTON A corporate tax bill that would end a trade war with Europe and shower more than 140 (b) billion dollars in tax breaks on American companies is nearing congressional approval.
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WASHINGTON -- A major rewrite of corporate tax law that would end a trade dispute with Europe won congressional negotiators' backing yesterday after House Republicans beat back efforts to increase tobacco regulation. The measure would repeal a tax break for thousands of US exporters that the World Trade Organization ruled illegal. As a replacement, it offers more than $140 billion ...
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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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The House last night passed the most sweeping rewrite of corporate tax law in nearly two decades, a measure designed to end a nasty trade war with Europe and shower $136
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WASHINGTON - House Ways and Means Committee Chairman Charles Rangel said he will propose a tax increase on executives at buyout firms and hedge funds to pay for a temporary fix to the alternative minimum tax that lawmakers agree must pass this year.
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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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WASHINGTON Supporters of a major rewrite of corporate tax law are optimistic they&#39;ll be able to complete congressional action this week on legislation needed to end a bitter trade fight with Europe.
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WASHINGTON (CBS.MW) -- House and Senate lawmakers reached a deal Wednesday on a massive corporate tax bill that would repeal a portion of the tax code that has spurred mounting retaliatory sanctions by the European Union.
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It's not like a business group to oppose the largest possible tax breaks for its members. But when it comes to sweetening a minimum wage bill with small business tax relief, the U.S. Chamber of Commerce is backing a House proposal that is a fraction of the size of a tax package passed by the Senate.
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The U.S. Congress could move as early as July toward passage of a bill to raise taxes on Blackstone Group LP and other private equity firms that go public, congressional staffers said on Friday.
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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.