House panel approves &#36;1.3B in tax breaks
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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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WASHINGTON -- Congress Monday approved a $136 billion in new corporate tax breaks and a buyout for tobacco farmers as part of legislation that eliminates an export tax credit ruled illegal by the World Trade Organization.
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A variety of popular tax breaks held up in Congress for more than a year by political jockeying has been saddled once again with a host of contentious measures, including proposals to expand offshore oil drilling, cancel a Medicare payment cut for doctors and provide more money to clean up abandoned...
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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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Congress overwhelmingly approved a 146-billion-dollar tax cut endorsed by both President George W. Bush and his rival John Kerry but criticized by some economists.
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WASHINGTON -- The Senate cleared the way for an increase in the minimum wage Tuesday, but only with business tax breaks that House Democrats want removed.
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The Republican committee working to retain GOP control of the House has $36 million in the bank going into the final stretch of the congressional campaign.
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The House on Saturday unanimously approved &#36;14.5 billion for hurricane victims and struggling farmers as Congress moved a step closer to showering money on Florida and other pivotal states in the upcoming elections.
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A $1.3 billion small-business tax cut package aimed at winning the first minimum wage increase in more than a decade advanced in the U.S. House of Representatives on Monday.
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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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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 House of Representatives on Saturday passed a &#36;32 billion bill funding homeland security programs this year after days of political fighting over the measure.
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WASHINGTON -- The House last night passed a massive business-tax bill aimed at settling a trade dispute with the European Union and propping up domestic manufacturers.
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The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out &#36;136 billion in new tax breaks to a wide array of U.S. companies and provide a &#36;10.1 billion buyout for the nation's tobacco farmers.
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US House and Senate negotiators agreed on a $146 billion tax-cut plan that includes the renewal of four breaks for middle-income families and 23 business provisions.
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Congress gave final approval Monday to a 10-year, $136 billion package of business tax breaks that represents the biggest change in the corporate tax code in two decades
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A huge tax bill that Congress passed last week contained a little-noticed gift for select corporations -- tens of millions of dollars in breaks on import tariffs.