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re: Obama promises to veto proposed business tax cuts--and I agree
Posted on 11/25/14 at 8:08 pm to I B Freeman
Posted on 11/25/14 at 8:08 pm to I B Freeman
quote:
The tax measure would make permanent 10 provisions, including an expanded research and development tax credit, which businesses have wanted to be made permanent for years; a measure allowing small businesses to deduct virtually any investment; the deduction for state and local sales taxes, the American Opportunity Tax Credit for college costs; deductions for employer-provided mass transit and parking benefits; and four different breaks for corporate and charitable giving.
Smaller measures already passed by the Senate Finance Committee would be extended for one year, and retroactively for the current tax year, from tax breaks for car-racing tracks to benefits for race horse owners.
The tax credit for wind power would phase out and end after 2017.
I don't see a problem with any of the above.
frick Obama and his petulant BS. We finally have some bipartisan agreement on sensible legislation and he threatens veto. I hope they have enough support to override it. This goes to show he doesn't want bipartisanship, he wants it his way or the highway and his way is very anti business.
1
Posted on 11/25/14 at 8:26 pm to deltaland
You don't see a problem with R&D tax credits??? and the doors that opens to categorizing expenses in order to get the credits?
You think you should be given only deductions for your expenses while someone else get credits??
Who cares about the American Opportunity Tax Credits?
All of these things are just feel good bells and whistles and do not replace general tax reform and cuts.
You think you should be given only deductions for your expenses while someone else get credits??
Who cares about the American Opportunity Tax Credits?
All of these things are just feel good bells and whistles and do not replace general tax reform and cuts.
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