TITLE

Plan Could Add Tax Breaks to Wage-Hike Bill

PUB. DATE
January 2007
SOURCE
ENR: Engineering News-Record;1/22/2007, Vol. 258 Issue 3, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on a bill that was proposed by the U.S. Senate, which is aimed at raising the minimum wage and implement tax breaks for small companies. The Senate tax proposal, which Finance Chairman Max Baucus announced on January 12, 2007 is estimated to cost $8.3 billion over 10 years. The cost of the new breaks would be offset by revenue-raising provisions.
ACCESSION #
23968280

 

Related Articles

  • Senate Tax Bill. Canellos, Peter C.; O'Brien, Jeannemarie // Venulex Legal Summaries;2007 Q1, p1 

    The article offers a discussion of the Small Business and Work Opportunity Act of 2007 bill passed by the U.S. Senate. The bill has tax reforms provisions as well as tax benefits for small businesses to counter the effects of minimum wage increases. Provisions of the bill focused on increasing...

  • Estate Tax Repeal Vote Likely Soon. Postal, Arthur D. // National Underwriter / Life & Health Financial Services;6/5/2006, Vol. 110 Issue 22, p8 

    The article reports that Senate Republicans in the U.S. are expected to resurrect the long-delayed debate over repeal of the estate tax on June 6, 2006. Because the Republicans do not have sufficient votes for full repeal, focus is now being made on a compromise being negotiated between Senators...

  • Conferees on Tax Reconciliation Unlikely To Meet Before Presidents Day Recess. McConnell, Alison L. // Bond Buyer;2/15/2006, Vol. 355 Issue 32320, p4 

    The article reports that the U.S. Senate has appointed the members of a committee to draft a compromise version of tax reconciliation legislation. This move can lead to the restriction of pooled bond issuance and the qualified zone academy bond program. Senators Charles Grassley, Max Baucus and...

  • Extenders Bill Priority when Senate Returns. Schroeder, Peter // Bond Buyer;12/23/2009, Vol. 370 Issue 33238, p4 

    The article reports on the commitment of the U.S. Senate top taxwriters to prioritize legislation that would extend a number of tax provisions slated to expire at the end of 2009. Senators Max Baucus of Montana and Charles Grassley of Iowa mention the so-called extenders package as their top...

  • Tax Legislation to Benefit Performers.  // International Musician;Jul2008, Vol. 106 Issue 7, p4 

    The article reports that U.S. senators Charles Schumer and Dianne Feinstein have introduced Senate Bill 3120. The bill aims to double the eligible income level for artists to receive a tax deduction for business-related expenses. The bill was submitted to the Senate Finance Committee, chaired by...

  • Senate Wage Bill May Spur More S Corps. Jackson, Ben // American Banker;2/6/2007, Vol. 172 Issue 25, p1 

    The article discusses a new minimum wage bill passed by the U.S. Senate that would give more banks the opportunity to qualify for the tax-advantaged S corporation structure. The tax breaks would ease restrictions on the types of shares S Corporations may issue and the income the corporations may...

  • WHAT THE 2007 TAX ACT MEANS FOR YOU. Battersby, Mark // Restaurant Hospitality;Sep2007, Vol. 91 Issue 9, p48 

    The article discusses the Small Business and Work Opportunity Tax Act of 2007 in the U.S. which is aimed at helping small businesses cope with the increase in minimum wage by adding $4.84 billion in tax breaks. The new bill would also allow employers to receive a full tip credit despite...

  • Statement on Senate Passage of Minimum Wage and Tax Relief Legislation. Bush, George W. // Weekly Compilation of Presidential Documents;2/5/2007, Vol. 43 Issue 5, p108 

    The article presents a statement from U.S. President George W. Bush, on the Senate passage of the minimum wage and tax relief legislation, given on February 1, 2007. President Bush said that the Senate has passed a significant legislation that will benefit the nation's workers and small...

  • Legislative Background Recent Action on the Minimum Wage.  // Congressional Digest;Mar2007, Vol. 86 Issue 3, p77 

    This article discusses the background of 2007 U.S. legislation regarding the minimum wage. The Fair Minimum Wage Act was introduced into the U.S. House by Speaker of the House Nancy Pelosi. In the Senate, Majority Leader Harry Reid agreed to include tax incentives in the bill to support small...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics