On December 6, 2010, President Barack Obama announced a compromise tax package proposal had been reached, centered around a temporary, two-year extension of the Bush tax cuts.
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Sentiment turned weaker after ruling Liberal Democratic Party's Secretary General Koichi Kato late Wednesday denied his party's next stimulus package proposal will include large-scale income tax cuts, traders said.
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The U . S . dollar rose slightly against the Japanese yen Friday amid uncertainty over how much new spending was included in a fresh economic stimulus package proposal.
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Sentiment turned weaker after the ruling Liberal Democratic Party's Secretary-General Koichi Kato late Wednesday denied his party's next stimulus package proposal will include large-scale income tax cuts, traders said.
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The proposal could be part of an LDP economic package proposal-- the third such plan this year after a second plan announced today-- due to be unveiled around December 10.
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When the package proposal of the advisers was accepted by the opposite political parties, he was surprised to see the ignorance of the chief adviser and the President Iajuddin Ahmed about it.
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Investors also were discouraged by a denial late Wednesday by Koichi Kato, secretary-general of the governing Liberal Democratic Party, that the party's next stimulus package proposal would include large-scale income tax cuts.
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He said President Gloria Macapagal Arroyo government was " using the bogey of'terrorism'to force upon the MILF a political package proposal . . . tantamount to the surrender of the MILF ."
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Investors reacted negatively to Thursday's announcement of the ruling party's outline for a 16 trillion yen ( dlrs 24 billion ) economic stimulus package proposal because it did not include tax cuts, traders said.
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Prime Minister Benjamin Netanyahu has appointed a staff to begin work on a national referendum on a U . S . package proposal for an Israeli troop withdrawal from West Bank land, a report said Wednesday.
