House Wage Bill Gets Tax Breaks
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The House Ways and Means Committee yesterday approved a modest package of tax breaks for restaurants and small businesses that would be affected by an increase in the federal minimum wage, breaking a logjam with the Senate that has delayed passage of one of the Democrats' top legislative priorities.
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In the latest ripple of an ethics spat gripping Congress, the House yesterday passed a bipartisan bill that bans lawmakers from paying their spouses for campaign work.
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The House, seizing a rare moment of bipartisanship to respond to the economyâs slump, overwhelmingly passed a $146 billion aid package that would speed rebates of $600-$1,200 to most taxpayers.
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Faster than you can say &quot;bonus depreciation allowance,&quot; lawmakers adopted two tax bills this year that could have a significant impact on your taxes in 2004 and 2005.
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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 352-64 roll call Wednesday by which the House passed the Temporary Tax Relief Act keeping the alternative minimum tax from hitting more people in 2007.
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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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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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The fate of a higher federal minimum wage for the lowest paid workers no longer depends on whether small businesses will get tax breaks. The pending question is the size of the breaks.
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WASHINGTON - The House's leading Democratic tax writer will propose a sweeping overhaul of the tax code that would increase taxes on many people with incomes above $200,000 but cut them for most others.
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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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A corporate tax bill offering huge tax breaks to US manufacturers in return for removing export subsidies is approved by Congress.
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The House of Representatives on Thursday approved a huge corporate tax bill aimed at ending a trade dispute with the European Union while giving American manufacturers a new tax break.
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The U.S. House of Representatives on Thursday passed a compromise measure to increase the federal minimum wage for the first time in a decade -- and provide billions of dollars in tax breaks to help businesses pay for it.
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Federal employees would receive a 3.5 percent pay raise next year under a bill approved by a key House Appropriations subcommittee yesterday.
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The House overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage. The vote on the tax cuts was 360-45.
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RICHMOND, Feb. 15 -- A House committee revived a proposal Thursday to raise the state's minimum wage to $6.50 an hour by sending the measure to the full House, even though Republican leaders have fought the move.