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Economic Stimulus
| Introduction |
| Congress wrestled all fall with a tax package intended to stimulate the economy in
the wake of the terrorist attacks on the U.S. on September 11. While the
Republican-controlled House passed its version of the stimulus package several times,
it hit a roadblock in the Democrat-controlled Senate. Finally, on March 8, Congress
passed a scaled-back version of the ambitious tax bill originally proposed by both the
Republicans and Democrats. The final package was crafted to include the necessary
level of tax cuts, small business tax breaks and unemployment benefits needed for
passage in both the House and Senate |
| Although the horse industry supported the broader Republican version of the
stimulus bill passed last December by the House, the final package signed into law by
President Bush on March 9, 2002 includes new depreciation provisions that will benefit
the horse industry.
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| Click here to download the entire document in PDF (Adobe Acrobat) format. |
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