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


“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.”



Leave a Reply

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

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s

john pavlovitz

Stuff That Needs To Be Said

Just The Messenger

News, Politics & Opinion

Be revolutionary. Tell the Truth.

The New Americana

Conservatism isn't dead

Psychology Corner

Everyday Psychology

Brave Girls Club

Life-Changing Fun for Women


A voice of reason in the land of Stupidparty, pointing out the banal and often contradictory positions in StupidpartyLand, USA.

Be Rational. Be Outspoken. Be Heard.

Art & Life Notes

Zooming in on the the big picture

Global Watchdog

Media Accountability Coalition

TFN Insider

The Official Blog of TFN and the TFN Education Fund

Erasing 76 Crimes

The human toll of 76+ countries' anti-gay laws. The struggle to repeat them.

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 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 ||

%d bloggers like this: