January 9, 2009
Costco Earnings Move Higher on Tax Benefit
Costco Wholesale Corp. said Wednesday that second-quarter earnings rose 35 percent, due in part to a big tax benefit, but shares fell after the company's results failed to meet Wall Street expectations.
Alternative Minimum Tax Repeal Sought
It was intended to catch wealthy tax dodgers, but instead has crept closer to the middle class over the years. So a bipartisan group of senators wants to eliminate the alternative minimum tax even though it would deprive the government of billions of dollars in revenue.
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