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Wednesday, February 07, 2007
Update: Monday Mark-Up for $1 B Rangel Tax Bill
This just in, per today's CongressDaily ($):
House Ways and Means Chairman Rangel said this afternoon he would move to break the House-Senate stalemate over minimum wage legislation by marking up a small business tax bill next Monday [which] he expects it to be "in the vicinity of $1 billion." It will also include about $1 billion in offsets to make it revenue neutral.
Rangel insisted for weeks on passage of a "clean" minimum wage bill -- one containing no tax breaks. Today, Rangel insisted that he will not let his arm be twisted in conference negotiations over the size of the tax package.
Posted by Dana Chasin
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