As President Obama, his deficit commission and a bevy of lawmakers urge a concerted push to streamline the federal tax system, Senate leaders have rolled out a sprawling $858 billion tax bill stuffed with dozens of narrow credits and special-interest perks - the very breaks that much of Washington agrees should be banished from the code.
The final package, released late Thursday, would extend tax credits for producing ethanol and for hiring American Indians. It would maintain deductions for teachers who buy their own supplies and businesses that donate books to charity.
It has tax breaks for restaurants, movie producers and NASCAR track owners. It has a special "economic development credit" for investors in American Samoa.
These are the type of things that are going to keep growing the Tea Party Movement.
Answer by itsmesteph11 at 11:22 AM on Dec. 11, 2010
Answer by Carpy at 11:29 AM on Dec. 11, 2010
Answer by tinamatt at 12:03 PM on Dec. 11, 2010
The final package, released late Thursday, would extend tax credits for producing ethanol and for hiring American Indians.
why? There are so many people anymore that qualify as American Indians but have integrated thoroughly into society.
Answer by lovinangels at 11:27 AM on Dec. 11, 2010
Answer by lovinangels at 11:47 AM on Dec. 11, 2010
Answer by Carpy at 2:29 PM on Dec. 11, 2010
Answer by SuperChicken at 11:30 AM on Dec. 11, 2010
Answer by agentwanda at 11:31 AM on Dec. 11, 2010
Answer by itsmesteph11 at 11:47 AM on Dec. 11, 2010
I wish that they'd scale back all spending and increase revenue- until they do BOTH of those actions, our country will not be on the right track to deficit reduction. Unless, EVERYONE is willing to take a hit, do without and pay more to the bottom line, NO ONE has taken the problem seriously or really wants a solution to the problem. The NASCAR track owner, welfare mother, Senator, Billionaire and most mothers on CM are ALL the same. The solutions are fine, as long as I am NOT affected and my pocketbook does not take a hit...words mean nothing ACTIONS are what counts, solves problems and pays down deficits.
EVERYONE has a reason why the solutions should not affect them.....EVERYONE- AND THAT'S PART OF THE PROBLEM.
Answer by Sisteract at 11:28 AM on Dec. 11, 2010