Analysis: GOP pushes corporate tax breaks
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After adding a host of special-interest tax cuts aimed at garnering support from individual senators for the overall bill, the congressional Republican leadership is poised to gain
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Republican presidential candidate John McCain proposed an economic stimulus plan Thursday that would lower the corporate income tax rate and provide a host of other tax breaks for business.
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WASHINGTON - The Senate, in an unusual Sunday session, saw its effort to pass a sweeping corporate tax bill grind to a halt in the face of delaying tactics by a Louisiana senator upset that the measure did not include pay support for members of the Reserves and National Guard.    By a 66-14 vote, lawmakers did agree to limit debate on the tax bill, which provides $136 billion in new tax breaks for businesses and $10.1 billion separately to buy out tobacco farmers' government quotas...
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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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House Republicans are working to eliminate or dilute provisions in a new corporate tax bill aimed at cracking down on illegal shelters.
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Their grip on Congress strengthened, Republicans on Wednesday saw both a mandate and an opportunity to push further tax cuts, limits on damage awards in
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Democratic presidential rivals called for higher taxes on the wealthiest Americans and on some corporations Thursday and said any thought of balancing the federal budget would have to wait.
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WASHINGTON -- A major rewrite of corporate tax law that would end a trade dispute with Europe won congressional negotiators' backing yesterday after House Republicans beat back efforts to increase tobacco regulation. The measure would repeal a tax break for thousands of US exporters that the World Trade Organization ruled illegal. As a replacement, it offers more than $140 billion ...
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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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Republican presidential hopeful Rudy Giuliani plans to propose reducing corporate tax rates and cutting other individual taxes that his campaign said on Friday put a crimp on Americans' wallets.
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Some companies score profits by collecting tax breaks to move to certain states.
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AS THE Legislature and Governor Deval Patrick gear up for what is likely to be a heated budget battle, much of the focus will be on closing corporate tax "loopholes." They hope to find middle ground through an appointed commission that will study the state's corporate tax code. As the debate continues, they should also take a look at funding ...
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Democrats worked Tuesday to turn a standoff over taxes to their political advantage, arguing that Republicans are essentially raising taxes by failing to revive popular middle class breaks.
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Republican presidential candidate John McCain proposed an economic stimulus plan on Thursday that would lower the corporate income tax rate and provide a host of other tax breaks for business.
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The Bush administration yesterday raised serious objections about congressional efforts to approve a corporate tax-cut bill this week, warning that the Republican-backed
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At their national convention, Republicans were short on specifics on how to pay for an economic agenda in a second Bush administration. One reason is that President Bush could end up having to back a tax increase, just as his father did. But nobody wanted to spoil the Madison Square Garden party by mentioning such unpleasantries. After all, Republicans are insisting that Democrat John Kerry is the candidate who will increase taxes.
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WASHINGTON - The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out $136 billion in new tax breaks to a wide array of U.S. companies and provide a $10.1 billion buyout for the nation's tobacco farmers...