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Technology Stocks : How high will Microsoft fly?
MSFT 507.83+0.4%1:56 PM EST

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To: johnd who wrote (49210)9/13/2000 1:09:17 PM
From: johnd  Read Replies (1) of 74651
 
U.S. House approves export plan over EU objections

WASHINGTON, Sept 13 (Reuters) - The U.S. House of Representatives on
Wednesday overwhelmingly approved legislation overhauling a
multibillion-dollar programme of tax breaks for American exporters that
threatens to spark a trade war between the United States and the European
Union.

The legislation, which is expected to win Senate backing later this month,
would replace the U.S. Foreign Sales Corporation (FSC) programme with a
new scheme offering $4-6 billion a year in tax breaks to big exporters like
Boeing Co. (NYSE:BA - news) and Microsoft Corp. (NasdaqNM:MSFT - news) among others
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