Bush hails progress on tax cuts in Congress
President Bush said progress was made as the House Ways and Means Committee approved a scaled-back 550 billion tax cut plan over a decade, cutting taxes on dividends and capital gains to 15 percent for most investors. Senate discussions included a symbolic one-year dividend tax cut, while Snowe questioned the package.
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Halliburton Iraq Fire Contract Expands Beyond Fires
Congressional critics allege the Halliburton emergency contract, originally to extinguish oil fires in Iraq, also covered operating facilities and distributing products. Halliburton and KBR say the broader role was disclosed in their March 24 announcement. Rep Waxman notes the scope is wider than previously stated and questions Corps of Engineers disclosures.
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Waxman
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House Government Reform Committee
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Halliburton
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