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Dish, Verizon Spectrum Spared From Tax in Democrats’ Legislation

Aug. 10, 2022, 3:03 PM

Struggling wireless companies can breathe a sigh of relief as a sprawling economic package expected to clear Congress this week excludes their spectrum purchases from a retroactive tax.

Congressional Democrats, eager for a legislative win ahead of midterm elections, were on course to make purchases of spectrum more expensive — until an eleventh-hour fix to the Senate-passed climate, health-care, and tax package (H.R. 5376). The House is expected to vote Friday on the legislation.

The agreement reached in late July by Senate Majority Leader Chuck Schumer (D-N.Y) and Sen. Joe Manchin (D-W.V.) would have imposed a 15% tax on ...