1. Enacting the tax extenders to help corporations breaks all the “fiscally responsible” rules that Congress applies to benefits for the unemployed, low-wage workers, and children. 2. The most costly of the tax extenders is the research credit, which is supposed to encourage research but actually subsidizes activities no one would call research, and activities that companies would do in the absence of any subsidy. 3. The third most costly provision among the tax extenders would extend a break called the “active finance exception,” which should be called the “G.E. Loophole.”
Posted on: Sat, 22 Mar 2014 20:44:50 +0000
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