The American Jobs Creation Act of 2004, began as a bill to compensate exporters for the repeal of a controversial $5-billion annual tax break labeled as an “illegal trade subsidy’ by the World Trade Organization. Two years later, the law that emerged, the fifth major tax cut in four years, has ballooned into a $145-billion tax break for everyone.
The bill passed by a vote of 65-28, and includes a provision of the Transportation-Treasury Appropriations bill providing temporary relief from Federal Prison Industries’ (FPI) status as an exclusive source for products and services. Efforts had previously been underway in Washington to provide legislative relief to federal departments required to purchase items such as laundry services, textiles, furniture etc., from FPI.
The tax bill recently passed by the U.S. House and Senate not only provides tax cuts for individual taxpayers; it also greatly benefits business owners. New tax incentives make 2003 the opportune time for on-premise and coin consumers to invest in new equipment.
You could say that candidates are at an unfair disadvantage. After all, employers typically initiate telephone conversations with your past employers to confirm your credentials. But what do you, the candidate, have to base your employment decision on, besides the employer’s description of the position’s responsibilities, their expectations and their current issues?
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Imperial Laundry Acquired
RACINE WI. — Imperial Laundry Systems has been acquired by CMJ Partners, a private investment firm based in Vero Beach, Fla. The facility launders hospitals and hotel goods in Illinois and Wisconsin. The new company will be called Imperial Laundry Services and it will remain in Racine.