May 23 Congress Passes $330 Billion Tax Cut The Senate approved a $330 billion compromise tax cut Friday morning that included a reduction of taxes on stock dividends and capital gains, $1,000 child tax credits and a reduction of the so-called marriage penalty tax. Continue reading
May 23 Watch Talking Taxes Both houses of Congress approved President Bush's new tax cut plan Friday, a package worth $350 billion in tax cuts and state assistance over ten years. Ray Suarez discusses how the plan will affect individuals and families of differing income… Continue watching
May 22 Watch Tax Deal Kwame Holman provides an update on the tax cut compromise reached by Congress. Continue watching
May 19 WorldCom Agrees to $500 Million Settlement in Fraud Case Embattled long distance giant WorldCom agreed Monday to pay a $500 million fine to settle investors' fraud claims. Continue reading
May 16 Senate Approves $350 Billion Tax Cut The United States Senate narrowly approved a $350 billion tax cut late Thursday. Continue reading
May 16 FCC Chairman Denies Requests to Postpone Vote Federal Communications Commission Chairman Michael Powell on Thursday said he would proceed with the June 2 vote to revise media ownership restrictions, declining a request by two commissioners for a one-month delay. Continue reading
May 16 Watch Taxes and Tactics The U.S. Senate voted 51 to 49 last night to cut taxes by a net of $350 billion. Kwame Holman reports on the legislation. Continue watching
May 14 Watch The Debate Over Tax Cuts From the White House to Capitol Hill, lawmakers are debating whether a large tax cut is the best way to stimulate the U.S. economy. Experts discuss the tax cut debate and its potential effects on job growth and the budget… Continue watching
May 12 Watch Selling Tax Cuts Kwame Holman reports on President Bush's tax cut road show. Continue watching
May 09 House Passes $550 Billion Tax Cut Plan The U.S. House passed a $550 billion version of President Bush's tax cut Friday, but the measure has undergone modifications in the Senate where a smaller tax cut bill is expected to emerge next week. Continue reading