A Senator&#39;s Outrage Delays Passage of Corporate Tax Bill
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The Senate cleared a path on Sunday 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 reservists on duty in Iraq.
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The House voted overwhelmingly yesterday to expand offshore oil drilling and preserve a variety of popular tax breaks for families and businesses, but the wide-ranging last-minute package faced serious opposition in the Senate from lawmakers angry about trade provisions and its $50 billion cost.
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Oct. 18, 2004  Although accounting regulators have agreed to delay a contentious proposal that forces companies to deduct the cost of employee stock options as a business expense, Sen. Michael B. Enzi said Thursday, Oct.
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Supporters of a major rewrite of corporate tax law are optimistic they will be able to complete congressional action this week on legislation needed to end a bitter trade fight with Europe and shower &#36;130 billion in new tax breaks on businesses.
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The drive to pass a &#36;136 billion corporate tax bill hit a roadblock in the Senate on Friday when lawmakers upset about tobacco regulation, new overtime rules and combat pay employed delaying tactics to prevent a vote.
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The House ethics committee yesterday chastised the Democratic lawmaker who filed a complaint this year against Majority Leader Tom DeLay (R-Tex.
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AS THE Legislature and Governor Deval Patrick gear up for what is likely to be a heated budget battle, much of the focus will be on closing corporate tax "loopholes." They hope to find middle ground through an appointed commission that will study the state's corporate tax code. As the debate continues, they should also take a look at funding ...
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WASHINGTON - The Senate, in an unusual Sunday session, saw its effort to pass a sweeping corporate tax bill grind to a halt in the face of delaying tactics by a Louisiana senator upset that the measure did not include pay support for members of the Reserves and National Guard.    By a 66-14 vote, lawmakers did agree to limit debate on the tax bill, which provides $136 billion in new tax breaks for businesses and $10.1 billion separately to buy out tobacco farmers' government quotas...
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Just when lawmakers thought a thorny tax dispute was behind them, the European Union raised objections to parts of the corporate tax bill that was passed last month.
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Congress can move with amazing speed when it wants to. Trouble is, Congress doesn&#39;t always want to -- as with the highway bill that&#39;s been delayed for two years and the 12 spending bills it is supposed to pass by Oct. 1, but won&#39;t.
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A controversial immigration bill suffers a setback in the US Senate, as a bipartisan deal threatens to unravel.
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Outraged Democrats called for the resignation of senior Republican lawmaker Tom DeLay for a &quot;disturbing pattern of corruption&quot; following his censure by a House ethics panel.
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A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure.
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The chancellor Alistair Darling has been met with a barrage of criticism after he decided to delay announcing changes to capital gains tax (CGT).
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By Zane Wilson, The Sun News, Myrtle Beach, S.C.  Feb. 16--COLUMBIA -- A Midlands Senator on Thursday blocked passage of a bill that would allow city and county council members to excuse themselves, rather than having to resign, if business with associates or relatives comes before them.
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While record trade deficits and lost manufacturing jobs are election-year campaign issues, US exporters are fuming because Congress has yet to change corporate tax laws that threaten their sales in Europe, America&#39;s biggest foreign market.
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The Senate late Monday delayed its consideration of a vote on a new government eavesdropping bill until January.