Tax bill modified; Harkin, Grassley disagree
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A key issue in the $140 billion bill involves removing Food and Drug Administration regulation from tobacco products. Updates in tax law to help agricultural cooperatives.
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By Cathy McKitrick, The Salt Lake Tribune  Feb. 2--A Senate bill, tailored to affect the outcome of a contentious  land battle between two Utah cities, will be reconsidered today as lawmakers  try to resolve concerns about how the measure could impact the rest of the  state.
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The looming political battle over  how to reform the tangled U.S. income tax code could get ugly.  But one option, a tax aimed at boosting savings, holds promise.
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The top U.S. congressional tax writer proposed sweeping tax legislation on Thursday that would repeal a tax for the rich that has been hitting more middle-class Americans and replace it with a new tax on high-income earners.
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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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New report says last-minute changes to the tax code are causing serious problems.
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The Senate cleared a path on Sunday for a bill to hand out about $140 billion in corporate tax breaks, but it was blocked from a final vote by a fight over a provision aimed at helping reservists on duty in Iraq.
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Setting the stage for a contentious congressional debate over farm subsidies, a House panel voted unanimously yesterday to extend for five years the current system of payments to farmers and rejected a series of proposed changes.
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An obscure amendment attached to an appropriations bill could throw a wrench into presidential candidate John Kerry's plans to fund embryonic stem cell research. By Kristen Philipkoski.
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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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WASHINGTON - The Senate on Sunday removed the last major hurdle stalling passage of the most sweeping overhaul of corporate taxes in nearly two decades.    By a 66-14 vote, lawmakers agreed to end the delaying tactics used by opponents of the tax bill...
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Election year politics result in the passing of a multi-billion dollar tax cut package. The Senate overwhelmingly approved the measure 92-3 last night.
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Congress gave final approval yesterday to a bill that would protect about 20 million households from a tax increase caused by the alternative minimum tax, but the legislation passed so late in the year that 15 million Americans will probably have to wait longer than usual to get their refunds in...
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The move to pay for medical malpractice insurance relief with a tax that Gov. Robert L. Ehrlich Jr. (R) has previously vetoed is setting the stage for a tenuous special legislative session next week.
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Democrats and Republicans clashed over deficits and tax cuts Thursday as Congress moved toward sending President Bush an $800 billion boost in the government&#39;s debt limit.
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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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Republican challenger Van Taylor asked U.S. Rep. Chet Edwards to explain allegedly unpaid taxes from 20 years ago, while the Democrat renewed his call Saturday to halt negative campaigning in the race for the congressional district that includes President Bush's ranch.