'business provision' is a perfectly valid and usable phrase in written English
It generally refers to laws, regulations, and standards that must be met for a business to operate. For example, "The new business provision requires that all employees are given two weeks' notice before termination."
The interim senator from Minnesota, Dean Barkley, also voted with the Republicans to keep the business provisions in the bill.
Rachel Maddow famously got him to admit that he opposes the private business provisions in the Civil Rights Act of 1964.
Senator Don Nickles of Oklahoma, the majority whip, said today that the tax cut could be held to $1.6 trillion but altered to include some business provisions.
Under the business provisions, companies would be able to write off 30percentt more of their new capital investments for the next three years than under current law.
Although they were later scaled back, the business provisions eliminated taxes for many companies and added up to as much as $50 billion a year in tax savings.
Only after urgent phone calls from the president and last-minute promises by Republican leaders to eliminate several special-interest business provisions did wavering moderates from both parties agree to the final vote.
Even when allowing for a one-year delay in implementing the corporate tax cut, the business provisions of the G.O.P.'s plans swallow the lion's share of that sum.
"There was not significant consideration of the business provisions in any of the hearings," said J. Ronald Trost, chairman of the National Bankruptcy Conference and until recently the head of the bankruptcy practice at Sidley & Austin.
Further, there are several tax provisions that expire at the end of 2011 that are known as the "traditional" extenders package, which include individual and business provisions like the teacher expense deduction, state and local sales tax deduction, and the research and development tax credit.
