Corporate Tax Breaks Included In Fiscal Cliff Deal Thanks To White House Urging

1-8-13

“In the end, the bill approved by Congress and signed into  law by President Barack Obama included all of those things,  thanks partly to the White House’s interest in promoting wind  and other alternative sources of energy, and in subsidizing  research and development costs for companies.

It also became a lesson in how Washington’s taste for  dishing out favors to special interests is alive and well,  despite bipartisan calls for the government to reduce the tax  credits it gives businesses and individuals at a time when the  nation’s debt tops $16 trillion and is growing.

Some business lobbyists told Reuters they were surprised  that the package of tax credits – which had been approved by the  Democrat-led Senate Finance Committee in August – survived the  negotiations over the tax bill. The main part of the bill  extended Bush-era income tax cuts for individuals with incomes  of less than $400,000 and couples who make less than $450,000.”

More:

http://www.huffingtonpost.com/2013/01/08/corporate-tax-breaks-fiscal-cliff_n_2430580.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Divided Under God

Strengthening the wall of separation between church & state

Art & Life Notes

Zooming in on the the big picture

Global Watchdog

Media Accountability Coalition

The Blue Route

Careening Towards a More Progressive Future

TFN Insider

The Official Blog of TFN and the TFN Education Fund

76 CRIMES

The struggle to repeal 76 countries’ anti-gay laws and release gay prisoners there

Kansas Exposed

Challenging the official story...

The Progressive Cynic

Modern American politics is filled with partisanship, legalized corruption and extremism. On this site you will find articles on a variety of subjects and points of view that are not normally portrayed in the corporate media--don’t expect any sugar-coating, pandering or interest money propaganda here.

Tiny House Design

Design a More Self-Reliant & Resilient Life

Modern Atheist .org

Replacing belief with wonder - and understanding.

D.A.W.N. Democracy Against War Now

|| Do unto others as you would like to be done onto || Give as you would like to receive || Love thy neighbour as thyself ||

Redress Information & Analysis

Exposing injustice, disinformation and bigotry

Amanda's Official Blog

Just more random truth from Maine to fill your head

Walkatjurra Walkabout

Walking for Country

THE OBSERVATION

journalism with a vision

Socialist Rose

Read banned books!

turkischland

Just another WordPress.com site

Follow

Get every new post delivered to your Inbox.

Join 61 other followers

%d bloggers like this: