1.   Corporations can deduct the full cost of such health benefits for their employees.

2.   Investment would be spurred by allowing corporations to deduct immediately the full cost, rather than spreading deductions over the life of the plant or equipment.

3.   The bill also would tighten rules governing tax-free mergers known as Morris Trust transactions, and changes the way steel, auto, and other corporations deduct operating losses.

4.   The bill would tighten rules governing tax-free mergers known as Morris Trust transactions, and changes the way steel, auto, and other corporations deduct operating losses.