Senate Passes $136 Billion Corporate Tax Bill
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The federal tax bill was approved by the Senate 69-17 after passing the House a week earlier by 280-41. Mr. Bush is expected to sign it, claiming it as support for the economy -- even though
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WASHINGTON President Bush has signed into law the most sweeping rewrite of corporate tax law in nearly two decades. Bush signed the bill today with no fanfare, during a flight on Air Force One to a campaign stop in Pennsylvania.
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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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On Monday, the US Senate reached the deal over long-playing tax bill costing $136 billion. The deal is expected to allow to vote over the bill of $136 billion tax breaks, $14.
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WASHINGTON - With no fanfare, President Bush Friday signed the most sweeping rewrite of corporate tax law in nearly two decades, showering $136 billion in new tax breaks on businesses, farmers and other groups.
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U.S. Senate and House of Representatives negotiators agreed on Wednesday on a huge corporate tax bill that will repeal export subsidies that violate global trade rules and give manufacturers a new tax break.
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After nearly three years of jockeying by legions of business groups, the Senate passed a $137 billion corporate tax bill on Monday that gave something to almost everyone.
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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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The Senate passed a far-reaching, $136 billion corporate tax package Monday that cuts taxes for businesses ranging from film companies to bow and arrow makers while closing tax loopholes and bringing U.S. exporters in line with international trade rules.
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The drive to pass a $136 billion corporate tax bill hit a roadblock in the Senate on Friday when lawmakers upset about tobacco regulation, new overtime rules and combat pay employed delaying tactics to keep the measure from coming up for a vote.
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Description: The Senate on Friday scrambled to finish work on the biggest revision of corporate tax codes Congress has considered since 1986.
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The US House has approved a $136 billion corporate tax cut package, but the measure faces hurdles to passage in the Senate. The overall bill is aimed at repealing a corporate
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The US Congress has agreed in principle a huge corporate tax bill providing tax breaks for manufacturers in return for repealing export subsidies.
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WASHINGTON - The Senate resolved a dispute delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security last night, clearing the way for senators to adjourn today to hit the campaign trail.
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The US Senate cleared the way for passage of a bill that would replace a tax break for exporters ruled illegal by the World Trade Organization with $145 billion in tax cuts and payments
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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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The Senate cleared a path 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 reserve soldiers on active duty in Iraq.