Table: On Hold
Some postponed items on the corporate wish list:
Business wants the 20% rate on capital gains cut. But a break for big investors now looks unlikely.
New write-offs for buying capital equipment were on deck, but no longer. Such a change would cost hundreds of billions.
Business hoped Congress would permanently extend the temporary credit this year. With expiration not set until 2004, it's no longer a priority.
Many want a restructuring of taxes on U.S. multinationals. But business has never agreed on how to do it, and a transition to a new system could be costly to the Treasury.