Senate Searches For Agreement on Economic Stimulus Plan

Friday, December 07, 2001
The Senate returned form the Thanksgiving recess still in a deadlock over plans to provide an economic stimulus packaged for a sagging economy. Prior to recess, a bill reported out of the Finance Committee on a party line vote failed to achieve the votes necessary to overcome a procedural objection. As the congress reconvened after Thanksgiving, leaders continued negotiations over the economic stimulus package while the Senate took up railroad legislation and a farm bill. The House of Representatives previously passed its own version of economic stimulus legislation. Both the House-passed bill and the measure reported in the Senate contain provisions for accelerated depreciation of capital assets. AWO has sought an exemption from the accelerated depreciation for the inland and coastal towboat, tugboat and barge industry because of concerns that such incentives could lead to overbuilding in an industry already dealing with an excess of capacity. As negotiations continue over the economic stimulus package, AWO is continuing to seek support from Senators for language that would exempt the entire industry- both inland and coastal- from the accelerated depreciation provisions. Source: AWO Letter
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1203 sec (8 req/sec)