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Senate rejects Democrats' business tax cut bill
Source: Associated Press
Senate rejects Democrats' business tax cut bill
ALAN FRAM, Associated Press
Updated 12:17 p.m., Thursday, July 12, 2012
WASHINGTON (AP) — The Senate has rejected a Democratic bill providing tax breaks to companies that enlarge their payrolls or make major purchases or plant improvements.
The vote was 53-44, seven short of the 60 votes required to overcome GOP procedural hurdles.
The roll call came after senators voted 73-24 against a Republican version that would have provided a tax deduction to U.S. companies with fewer than 500 employees.
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ALAN FRAM, Associated Press
Updated 12:17 p.m., Thursday, July 12, 2012
WASHINGTON (AP) — The Senate has rejected a Democratic bill providing tax breaks to companies that enlarge their payrolls or make major purchases or plant improvements.
The vote was 53-44, seven short of the 60 votes required to overcome GOP procedural hurdles.
The roll call came after senators voted 73-24 against a Republican version that would have provided a tax deduction to U.S. companies with fewer than 500 employees.
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Read more: http://www.sfgate.com/news/article/Senate-ready-to-vote-on-business-tax-cut-bills-3702438.php
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