Dec 20 Congress passes last-minute tax breaks. What should you know? By Stephen Ohlemacher, Associated Press WASHINGTON -- In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season. Congress extends these tax breaks every… Continue reading
Dec 03 House plans to extend tax breaks through December By Stephen Ohlemacher, Associated Press WASHINGTON — The House is moving Wednesday to extend a massive package of expired tax breaks through the end of the year, adding about $45 billion to the budget deficit over the next decade. Continue reading
Jul 11 House votes to permanently extend ‘bonus depreciation’ tax break By Stephen Ohlemacher, Associated Press WASHINGTON — The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the… Continue reading
Jun 12 House approves permanent tax break for small businesses By Stephen Ohlemacher, Associated Press WASHINGTON — The House voted Thursday to make permanent a generous tax break that makes it easier for small businesses to buy new equipment and improve their property, part of an election-year showdown over a series of expired tax breaks… Continue reading
May 18 Watch Debate Over Rising Gas Prices Heats Up in Congress Two bills focused on oil company tax breaks, deep-sea drilling and reducing rising gas prices have reignited energy policy debates on Capitol Hill. Congressional correspondent Kwame Holman reports on the political fight over prices at the pump. Continue watching
May 12 Watch Tax Breaks for Oil Companies: Good for Business or Unfair Advantage? Lawmakers targeted the oil industry's tax breaks and profits in budget debates Thursday. Judy Woodruff discusses the debate over tax breaks for oil production and other rules with The Energy Program at Public Citizen's Tyson Slocum and The American Petroleum… Continue watching
Feb 06 Senate Closes In on Deal for Stimulus Plan By Admin, PBS News Hour The Democratic-led U.S. Senate appeared to strike a deal Friday evening with key Republicans on a long-debated stimulus package to stem a deepening recession, news agencies report. Continue reading
Jan 18 Bush Calls for $145 Billion Economic ‘Shot in Arm’ By PBS News Hour President Bush called for about $145 billion worth of tax relief for individuals and businesses Friday to give the U.S. economy a "shot in the arm" and hopefully avert a recession. Continue reading
Feb 15 Watch Sen. Grassley, Rep. Rangel Debate Competing Minimum Wage Bills A House committee Monday approved a $1.3 billion tax-relief package addendum to a bill raising the minimum wage, compared to a Senate bill that offers $8.3 billion in tax breaks. Rep. Charles Rangel, D-N.Y., and Sen. Chuck Grassley, R-Iowa, debate… Continue watching