A Senator's Outrage Delays Passage of Corporate Tax Bill
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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.
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A lingering dispute over a contract imposed on air traffic controllers last year is delaying the introduction of legislation needed to modernize the nation's air traffic control system, according to congressional staff members and administration officials.
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WASHINGTON (CBS.MW) -- House and Senate lawmakers reached a deal Wednesday on a massive corporate tax bill that would repeal a portion of the tax code that has spurred mounting retaliatory sanctions by the European Union.
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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 legislation risked growing from a narrow effort to help manufacturers into a complex assortment of special-interest tax breaks.
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Representative Tom DeLay of Texas, the House Republican majority leader, who has been under investigation for possible ethics violations, claimed vindication today after
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Economic stimulus legislation aimed at helping avert a U.S. recession might not be passed by the U.S. Senate until as late as Tuesday, Senate Majority Leader Harry Reid said on Thursday.
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The House ethics committee yesterday chastised the Democratic lawmaker who filed a complaint this year against Majority Leader Tom DeLay (R-Tex.
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The House voted overwhelmingly yesterday to expand offshore oil drilling and preserve a variety of popular tax breaks for families and businesses, but the wide-ranging last-minute package faced serious opposition in the Senate from lawmakers angry about trade provisions and its $50 billion cost.
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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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While record trade deficits and lost manufacturing jobs are election-year campaign issues, US exporters are fuming because Congress has yet to change corporate tax laws that threaten their sales in Europe, America&#39;s biggest foreign market.
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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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Congress gave final approval yesterday to a bill that would protect about 20 million households from a tax increase caused by the alternative minimum tax, but the legislation passed so late in the year that 15 million Americans will probably have to wait longer than usual to get their refunds in...
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A US senator is seeking an eleventh-hour delay of an initial public offering (IPO) by private equity giant Blackstone Group, citing concerns about Chinese investment in the firm, according to a letter obtained by AFP Thursday.
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An Oregon senator is threatening to filibuster a must-pass spending bill if Congress does not extend payments to rural counties hurt by cutbacks in federal logging.
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A multibillion-dollar gap between what public companies book as expenses for their executives' stock options and what they report to the Internal Revenue Service under two sets of rules is costing the Treasury billions of dollars in taxes, a senator seeking to end the discrepancy said yesterday.
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Bill that would speed rebates of $600 to most taxpayers heads to Senate with bipartisan appeal to senators not to jeopardize bill with changes.
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A controversial new law that could signal trouble ahead for independent programers is delayed again.