Without Fanfare, Bush OKs Corporate Tax Cuts
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Without fanfare, President Bush  signed into law on Friday a nearly $140 billion corporate tax  cut bill derided by both Democratic presidential rival John  Kerry and Republican Sen. John McCain as a giveaway to special  interests.
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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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WASHINGTON The US Senate has passed a far-reaching, 136 (b) billion dollar corporate tax package that includes a ten-point-one (b) billion dollar buyout for tobacco farmers.
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WASHINGTON Putting aside efforts to control the federal deficit before the elections, Republican and Democratic leaders have agreed to extend $145 billion worth of tax cuts sought by President George W. Bush without trying to pay for them.
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President George W. Bush signed into law a 146-billion-dollar tax cut extension, one month before the hotly-contested US election that pits him against Democrat John Kerry.
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Democratic and Republican leaders in Congress reached a tentative deal with the Bush administration on tax rebates and business tax cuts.
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President Bush is likely to tout tax reform as a broad campaign theme but nothing as sweeping as a national sales tax, despite recent warm words, Republican sources said on Thursday.
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President Bush, who credits three years of tax relief programs with helping strengthen the slow economy, said Saturday he would sign into law the Working Families Tax Relief Act to preserve tax cuts.
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WASHINGTON - President Bush cleared the way for $136 billion in new tax breaks on businesses, farmers and other groups yesterday, quietly signing the most sweeping rewrite of corporate-tax law since 1986.
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WASHINGTON In an act of pre-election largess, US House and Senate negotiators have approved a sprawling corporate tax bill that would shower corporations and farmers in politically sensitive states with about $145-billion worth of new tax cuts.
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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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WHITE HOUSE Without fanfare, President Bush has signed a package of changes in corporate tax law -- giving 136 (b) billion dollars in new tax breaks to businesses, farmers and others.
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With no fanfare, President Bush today signed the most sweeping rewrite of corporate tax law in nearly two decades, showering $136 billion in new tax breaks on businesses and other groups.
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The US Senate on Monday passed a $136 billion corporate tax package that cuts taxes and closes loopholes. The bill, which took two years to complete, is expected to help about 200,000 US manufacturers create jobs, said Sen.
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WASHINGTON - Congress overwhelmingly approved $146 billion in middle-class and business tax cuts Thursday night, handing President Bush a big victory 40 days before the election.
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President Bush has yet to sign the corporate-tax bill that includes sales-tax relief for Washington state, and there are lots of details to fill in.
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WASHINGTON : Congress approved a 146-billion-dollar tax cut endorsed by both President George W. Bush and his rival John Kerry but criticized as a budget buster by some economists.