An industry advocate says he remains hopeful that lawmakers will pass a long-sought tax break for contractors later this year, even though Gov. Scott Walker vetoed the provision from the state’s budget.

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A Wisconsin-based furniture manufacturer has been approved for a $6 million tax credit even though it plans to lay off half its workforce in the state.

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Months after Gov. Scott Walker approved a budget provision doubling the tax credits offered to renovators of historic buildings, some Republican lawmakers want another increase.

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The bill Congress approved Tuesday night providing tax relief for most taxpayers also helps wind energy and ethanol producers by extending tax credits designed to encourage continued development.

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A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market.

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The Senate's tax-writing panel is moving to revive dozens of tax breaks for businesses such as biodiesel and wind energy producers, even as the GOP-controlled House trumpets symbolic legislation to erase them and create a new tax code with lower rates and fewer special interest tax breaks.

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When Josh King heard that small businesses could get a tax credit for offering health insurance to employees, his reaction was, "cool, that'll save us some money."

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Plexus Corp. says its new $50 million high-tech manufacturing plant in Neenah will create 350 jobs.

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Negotiators on Capitol Hill will try to extend a payroll tax cut worth about $1,000 this year for a typical worker through the end of the year. But they remain far apart on how to pay for the extension, and for jobless benefits for millions, without swelling the national debt.

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President Barack Obama said Wednesday he wants to reward companies that invest in America and eliminate tax breaks for companies that don't, and he's planning new tax proposals to do it.

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