Jockeying In Senate Endangers Tax Breaks
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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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President Bush has vowed to make tax reform a centerpiece of a second term, but Treasury economists warned in 2002 that simplification of the nation's tax system would likely lower taxes for the rich and could have devastating political consequences for its champions.
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Money and mud are flying in the final days of nine close contests that will determine which party controls the Senate next year.
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The drive to pass a $136 billion corporate tax bill hit a roadblock in the Senate yesterday 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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Retirees living off Social Security are frustrated that they won't get tax rebate checks through a bipartisan economic stimulus package before the House. Senate Democrats Friday began efforts to include them.
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Political conservatives have their best opportunity in years to push successfully for changes to taxes, entitlements and the courts &#151; but they face a special set of obstacles.
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Senate Republicans blocked a package of tax breaks for renewable energy that would have been paid for by the major oil companies.
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Sen. Tim Johnson 's sudden illness has consumed the political class the past two days. Everyone is talking about what happens if the South Dakota Democrat leaves the Senate and is replaced by a Republican to create a 50-50 split. Democrats and Republicans alike are rushing out statements saying the...
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Millions of entrepreneurs, teachers and parents with kids in college have a financial stake in whether Congress, in the dying hours of Republican rule, revives tax breaks that expired 11 months ago.
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Senate Republicans on Thursday blocked a $32 billion package of tax breaks for renewable energy that would have been financed mostly by new taxes on major oil companies.
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Congressional Democrats and the Treasury Department disagree over the amount of unpaid taxes that could be collected.
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Opposed by a popular former governor and beset by nepotism charges, freshman Sen. Lisa Murkowski of Alaska is the Republican most in danger of losing her seat in the U.S. Senate, one she inherited from her father.
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Weighing in on a debate about  stimulating the slowing U.S. economy, Republican presidential  contender Mitt Romney called on Friday for a package of tax  breaks expected to cost $250 billion, according to a report by  the CNBC business TV channel.
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Senate Republicans block a $32 billion in tax breaks for renewable energy that would have been financed mostly by new taxes on major oil companies. The GOP argues an oil-company tax increase would reduce production and raise gas prices.
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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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Senator John W. Warnerâs retirement creates a major new vulnerability for his party in the struggle for control of the Senate.
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Unable to extend tax breaks as part of a broad energy bill two months ago, lawmakers are trying to attach some of them to an emergency economic aid package containing rebates for millions of taxpayers.