The House overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage.
The vote on the tax cuts was 360-45.
The U.S. House of Representatives last week overwhelmingly approved business tax breaks worth $1.8 billion over 10 years, a key step toward a congressional compromise on increasing the minimum wage. Passage of a minimum wage hike now depends on how quickly the House and Senate work out differences between their tax packages -- the Senate tax breaks are worth $8.3 billion, more than four times bigger than the ones passed in the House.
February 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The House overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage.
The vote on the tax cuts was 360-45.
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