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KCCU News
11:57 am
Thu September 18, 2008
TexasTax Break Package Stalls Over Disaster Aid
Washington, D.C. – A package to bolster the economy and protect millions from new taxes heads for a vote -- after a dispute over aid to Hurricane Ike victims was resolved.
U.S. Senator John Cornyn today said he believes they've achieved the goal of getting fair treatment for Texans and victims of Ike.
Cornyn earlier delayed movement on the bill because of dissatisfaction over the level of disaster aid for Texas.
Removal of Cornyn's objections set the stage for a final vote on the tax bill next Tuesday.
Fellow Senator Kay Bailey Hutchison says the compromise includes allocating extra money to some hard-hit counties. Texas Governor Rick Perry would have discretion in dispersing other funds.
The bill would provide some 17 billion dollars in tax incentives for renewable and clean energy.
It would extend more than 60 billion dollars in targeted tax breaks.