Congress, Tax Credit | featured news

Senate negotiators, including Amy Klobuchar, D.- Minn., on Thursday announced a final deal that ends a 45-cent per gallon tax credit for ethanol.

Measure extends unemployment benefits, renew dozens of tax credits for businesses, individuals.

The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the US economy.

Just as Congressional leaders are calling to extend a tax credit for first-time homebuyers, government investigators are reporting widespread abuse.