Deal Reached on Tax Rebates for Stimulus
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WASHINGTON -- 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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President George W. Bush's administration is considering an individual tax rebate of up to 800 dollars as a short term measure to help boost the sagging US economy, a media report said Friday.
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An economic stimulus package to help stave off recession is on the fast track in Congress after Democratic and Republican leaders in the U.S. House of Representatives on Wednesday reached a rare agreement to quickly pull together a bipartisan plan.
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Congressional negotiators reached agreement yesterday on a spending package that provides a 3.5 percent raise for federal civilian employees, more than double that sought by President Bush.
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President Bush on Wednesday signed a multibillion-dollar economic rescue package on Wednesday that means $300 to $1,200 rebates for many American households.
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United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person Â and maybe as much as $800.
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A one-time tax rebate is at the heart of an economic stimulus package being negotiated by House leaders and Treasury Secretary Henry Paulson on Wednesday.
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A component of the government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets.
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President George W. Bush signed a $136 billion corporate tax relief bill yesterday that could provide substantial savings for some of Massachusetts&#39; biggest
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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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Congress approved an economic stimulus package. The Treasury Department pressed lenders to reset mortgage rates for millions of troubled homeowners. And New York's insurance regulator is attempting to bail out a critical sector of the industry.
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Congress is now poised to hand President Bush an election-year tax cut victory after Senate and House of Representatives negotiators on Wednesday night agreed to extend popular tax breaks for children and couples for five years.
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The White House and the  Democratic-led Congress have reached a tentative deal on a $150  billion economic stimulus plan that includes tax rebates for  workers and business investment incentives, congressional  sources said on Thursday.
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Bill would speed rebates to most taxpayers, including disabled veterans and the elderly.
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An agreement in the Senate appeared within reach on an economic-stimulus program on Thursday.
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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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Economic stimulus proposals favored by Democrats, including tax rebates, extended unemployment benefits and a temporary increase in food stamps, are cost-effective ways for Congress to try to boost the economy, the Congressional Budget Office said Tuesday.