Senate to Take Up Corporate Tax Bill
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Senate Majority Leader Bill First of Tenn., left, accompanied by Sen. George Allen, R-Va., center, and Senate Majority Whip Mitch McConnell of Ky.
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After a day-long attempt to delay action, the Senate moved forward Sunday with debate on a $136 billion corporate tax cut package.
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The Senate today passed a far-reaching, $136 billion corporate tax package that cuts taxes for businesses ranging from film companies to bow-and-arrow makers while closing tax loopholes and bringing US exporters in line with
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Senate legislation would force Blackstone Group LP to pay taxes as a corporation instead of as a partnership after 2012, a move that may threaten the buyout firm's initial public offering this month.
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WASHINGTONââ Senators are turning their attention to a wide-ranging $136 billion corporate tax bill as lawmakers whittle down their workload before leaving town for the elections.
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The 69-17 roll call by which the Senate voted Monday to approve a &#36;136 billion corporate tax bill.
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TOMORROW, a House-Senate conference committee will try to iron out a compromise version of a complex overhaul of corporate taxation.
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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 Senate late Sunday resolved a dispute delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security, clearing the way for senators to adjourn Monday to hit the campaign trail.
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Washington taxpayers will be able to deduct their state sales taxes from their federal income taxes if the US Senate votes this weekend to approve a major tax overhaul.
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WASHINGTON, DC -- The Senate struck a deal Monday to allow passage of a sweeping corporate tax bill. The agreement on that and two other measures clears the way for the Senate to adjourn on Monday and hit
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House and Senate negotiators hope to wrap up work on a major rewrite of corporate tax law that would end a nasty trade dispute with Europe while showering more than &#36;130 billion in tax breaks on a wide variety of businesses from ethanol producers to movie makers.
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The U.S. Congress could move as early as July toward passage of a bill to raise taxes on Blackstone Group LP and other private equity firms that go public, congressional staffers said on Friday.
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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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The Senate resolved a dispute late Sunday delaying passage of a sweeping corporate tax bill and two spending bills for disaster relief and homeland security, clearing the
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House Democrats plan to vote next week on a package of small-business tax breaks that could ease the way for final congressional action on legislation to raise the minimum wage.
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The U.S. Senate easily gave final congressional approval on Monday to a huge corporate tax bill that aims to end a trade fight with the European Union by repealing U.S. export tax subsidies that violate global trade rules.