Congress Extends Middle-Class Tax Breaks
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WASHINGTON - With lopsided margins in both houses, Congress gave President Bush his fourth tax cut in four years, extending three popular middle-class tax breaks and reviving some expired business tax incentives just six weeks before the election.    Many Democrats complained during the debate Thursday that majority Republicans who control Congress should have offset the lost revenue to keep the nation's soaring deficits from getting worse...
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The alternative minimum tax has ensnared a growing number of middle-class Americans in recent years because the 1969 law was not indexed to inflation.
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A plan to send $500-$1,000 rebates to all but the richest taxpayers advanced in the Senate Wednesday after Republicans and Democrats teamed to add aid for disabled veterans, the elderly and the unemployed to a House-passed economic recovery bill.
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President Bush said today that John Kerry cannot pay for his domestic proposals unless taxes are raised on the middle class.
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Democrats controlling Congress are looking at tax rebates, extended unemployment benefits and more food stamps to stimulate the sagging economy.
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WASHINGTON - Congress on Thursday approved a $145.9 billion package of tax relief to extend three popular middle-class tax cuts, giving President Bush his fourth major tax victory since taking office.    The Senate approved the measure 92-3 Thursday night less than an hour after it cleared the House by a similarly lopsided 339-65...
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The U.S. House of Representatives approved a seven-year extension of the existing moratorium on Internet-only taxes that was first proposed by the Senate last week.
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WASHINGTON -- The Senate cleared the way for an increase in the minimum wage Tuesday, but only with business tax breaks that House Democrats want removed.
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Congress is spending its last working days before a long summer break by attending to pocketbook issues, with votes to increase the minimum wage, cut estate taxes and shore up pensions.
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Congress last night passed legislation extending some of President Bush&#39;s most-popular middle-class tax cuts - giving Mr. Bush a win heading into the final campaign stretch before Election Day.
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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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Expanding on his anti-Washington theme, Democratic presidential candidate Barack Obama said Tuesday that he would take back tax breaks from monied interests to provide $80 billion annually in relief for workers, seniors and homeowners.
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A new tax break could make some homeowners even happier.
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Unable to extend tax breaks as part of a broad energy bill two months ago, lawmakers are trying to attach some of them to an emergency economic aid package containing rebates for millions of taxpayers.
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Congress is poised to extend a ban on taxing Internet access, a move that would please Internet service providers but possibly cost states millions of dollars in lost revenue.
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September 24, 2004 - Congress extended three of President Bush&#39;s most popular tax cuts by lopsided margins Thursday night.
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The twin pressures of a looming recession and an election year combined to speed a $168 billion economic rescue plan through Congress, sweeping aside lawmakers' political differences in favor of rushing $600-$1,200 checks to their constituents.