Negotiators Approve Big Tax Cuts for Business
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House and Senate negotiators approved a sprawling corporate tax bill that would shower corporations and farmers in politically sensitive states with new tax cuts.
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The House last night passed a sweeping rewrite of corporate tax law, a measure designed to end a trade war with Europe and shower $136 billion in new tax breaks on businesses, farmers, and other groups.
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US Senate and House of Representatives negotiators agreed on Wednesday on a huge corporate tax bill that will repeal export subsidies that violate global trade rules and give manufacturers a new tax break.
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The U.S. House of Representatives overwhelmingly approved a $1.8 billion small business tax cut package on Friday aimed at winning passage of a $2.10 increase in the hourly minimum wage.
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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 United States has agreed to cut its maximum agricultural subsidies in a "significant step" towards advancing negotiations on a new global trade pact, the mediator of the farm talks said on Thursday.
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The House and Senate last night overwhelmingly voted to extend three tax cuts aimed at the middle class along with a bevy of business-tax breaks, sending President Bush a
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Republican and Democratic leaders agreed to extend $150 billion worth of tax cuts sought by President Bush without trying to pay for them.
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WASHINGTON -- The Senate passed a far-reaching, $136 billion corporate tax package today 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 international
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U.S. Senate and House of Representatives negotiators agreed on Wednesday on a huge corporate tax bill that will repeal export subsidies that violate global trade rules and give manufacturers a new tax break.
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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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WASHINGTON - A major rewrite of corporate tax law that would end a nasty trade dispute with Europe won approval Wednesday from congressional negotiators after House Republicans beat back efforts to increase regulation of tobacco.
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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.
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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 $130
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The House of Representatives on Thursday approved a huge corporate tax bill aimed at ending a trade dispute with the European Union while giving American manufacturers a new tax break.
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Plans to make the tax system easier for small businesses will be outlined by the Conservatives later.
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A compromise draft of a major manufacturing tax cut has dropped virtually all restrictions on the definition of a manufacturer, cutting taxes instead for any company that produces products in the U. S., be they hamburgers or electricity.