[lbo-talk] NYT: Senate + House negotiate sprawling corporate tax cut bill

B. docile_body at yahoo.com
Thu Oct 7 06:27:01 PDT 2004


Negotiators Approve Big Tax Cuts for Business By EDMUND L. ANDREWS New York Times

Published: October 7, 2004

WASHINGTON, Oct. 6 - In an act of pre-election largess, House and Senate negotiators approved a sprawling corporate tax bill on Wednesday that would shower corporations and farmers in politically sensitive states with about $145 billion worth of new tax cuts.

In an attempt to get backing from Southern Democrats, Republican leaders included a $10 billion buyout for tobacco farmers to be paid for by taxpayers, but they rejected a Senate provision to link that buyout with a requirement that cigarette companies be subject to regulation by the Food and Drug Administration.

[...]

http://www.nytimes.com/2004/10/07/business/07corptax.html?th=&pagewanted=print&position=

===== "I'm not too worried by hegemony / I know the cadre will look after me" - Magazine, "Model Worker," 1978



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