$136 billion business tax break package gets OK
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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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WASHINGTON -- Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.
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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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House leaders and the White House reached a tentative deal on a package that would pay stipends of $300 to $1,200 per family and provide tax incentives for businesses.
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The Senate on Monday approved $137 billion in tax breaks for corporations and special interests over 10 years, including a $10 billion buyout for tobacco farmers.
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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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The U.S. House of Representatives on Tuesday overwhelmingly approved a plan to give the U.S. economy a $146 billion election-year boost through tax rebates and other measures to stave off a possible recession by boosting business and consumer spending.
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US President George W. President Bush signed on Friday a new corporate tax bill which will shower 136 billion dollars on US businesses, farmers and other groups in coming years.
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WASHINGTON - A corporate tax bill that would dole out nearly $140 billion in business breaks over the next decade is scheduled for a Senate vote today after an unexpected delay Sunday over its failure to include a tax credit for employers who keep active
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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.
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The US Senate on Monday gave final approval to a sweeping corporate tax-break bill, the culmination of a two-year effort in Congress to end a trade dispute with the European Union over US export tax subsidies.
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The Senate shipped President Bush a wide-ranging &#36;136 billion corporate tax-cut bill and a disaster aid package on Monday, letting lawmakers head home for the finale of the presidential and congressional campaigns.
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The bill was approved by a 69-37 vote. It cuts taxes for businesses ranging from film companies to bow-and-arrow makers. It also closes tax loopholes and brings US exporters in line with international trade rules.
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President Bush showered &#36;136 billion in new tax breaks on businesses, farmers and other groups Friday, quietly signing the most sweeping rewrite of corporate tax law in nearly two decades.
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The Senate gave final approval yesterday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a 650-page measure that closes egregious tax loopholes, reduces taxes for domestic producers, and doles out tax breaks for interests ranging from tackle box makers to native Alaskan whaling captains.
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Congressional negotiators agreed yesterday on a $50 billion tax-and-trade package that would preserve a number of popular tax breaks for millions of families and businesses, normalize trade relations with Vietnam and expand offshore oil drilling.
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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.