Senate Tax Writer Unveils Tax Package - Yahoo! News: "The Senate's top tax writer revealed plans Tuesday to aid businesses recovering from Hurricane Katrina and extend tax cuts for capital gains and dividends an extra year.
Filling out the details of a special Gulf Coast business zone proposed by
President Bush,
Senate Finance Committee Charles Grassley, R-Iowa, proposed tax breaks for equipment and building investments. Other items help businesses with the cost of demolition and cleanup as well as reforestation.
Grassley would also let individuals affected by hurricanes Rita and Wilma take advantage of some tax assistance offered to those in Hurricane Katrina's wake."
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