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Bush wants tax cuts made permanent
Summary from multiple countries, from articles in English
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The discussion paper on taxation reform presents options ranging from a flat tax for individuals to lowering the general corporate tax rate to as low as five per cent from the existing 13 per cent. (article 2)
Boudreau says the paper also suggests a new carbon tax and a two per cent increase in the HST that together would generate about $350 million per year. (article 2)
The Democratic-led Congress has shown little interest in renewing most of the tax cuts, and Republicans are seeking to use the issue as political leverage in the upcoming presidential campaign. (article 4)
Chancellor Alistair Darling has admitted to MPs that ministers should have moved "faster" to compensate those who lost out over the 10p tax rate. (article 5)
The options include cutting personal and corporate income taxes by as much as $500 million annually and increasing the Harmonized Sales Tax by two per cent. (article 1)
The immediate impact of the nonbinding measure is to provide a $24 billion increase for domestic agency budgets for the budget year beginning Oct. 1, an almost 5 percent increase. (article 3)
Congress' annual budget debate involves a nonbinding resolution that sets the stage for later bills affecting taxes, benefit programs such as Medicare and the annual appropriations bills. (article 3)
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Other summaries about this story:
Event tracking:
Story keywords
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Tax, Budget, cuts, taxes, Boudreau |
Source articles
- N.B. considers lower corporate, personal income taxes (cbc.ca, 06/04/2008, 289 words)
- New Brunswick government releases options for taxation reform (cbc.ca, 06/04/2008, 173 words)
- Senate Approves Stand-Pat Democratic Budget Plan (Washington Post, 06/04/2008, 702 words)
- Bush wants tax cuts made permanent (Washington Post, 06/04/2008, 262 words)
- 10p tax help too slow (BBC News, 06/04/2008, 684 words)
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blaster@cs.columbia.edu
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