House, Senate Agree on Corporate Tax Bill
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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 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 House on Thursday passed the most sweeping rewrite of corporate tax law in nearly two decades, a measure designed to end a nasty trade war with Europe and shower $136 billion in new tax breaks on businesses, farmers and other groups.</
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The Senate resolved a dispute delaying passage of a corporate tax bill and two spending bills for disaster relief and homeland security.
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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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The House overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage. The vote on the tax cuts was 360-45.
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The Senate passed a far-reaching, $136 billion corporate tax package Monday that cuts taxes for businesses ranging from film companies to bow and arrow makers while closing tax loopholes and bringing U.S. exporters in line with international trade rules.
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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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The US House of representatives on Thursday passed a new corporate tax bill designed to end the trade war with Europe but the bill gives more tax cuts for some business including farmers and big companies.
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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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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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The US Senate on Monday passed a corporate tax bill that would dole out 136 billion dollars in new tax breaks to a wide array of US companies.
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Key provisions of the corporate tax bill signed today by President Bush. The cost estimates over 10 years come from the congressional Joint Committee on Taxation:
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WASHINGTON - 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.    In an unusual Sunday session, the Senate planned to vote on ending procedural roadblocks opponents have used to snarl the tax legislation, which contains breaks for everything from large corporations to importers of Chinese ceiling fans...
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House and Senate negotiators sought Monday to clear away roadblocks that have long hindered passage of a corporate tax bill needed to end a costly trade dispute with Europe.
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The Senate passed a far-reaching, $136 billion corporate-tax package yesterday 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 trade rules.
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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