House Passes $42 Billion Plan to Revive U.S. Tax Breaks for 2014

The House finally passed the 2014 extenders, and we’ll see what happens in the Senate.

House Passes $42 Billion Plan to Revive U.S. Tax Breaks for 2014.

(I don’t think this should be a Democrat or Republican issue — it’s obvious to all of us in taxation that if you only ever extend tax breaks retroactively, they are extremely ineffective at generating the additional economic benefit for which they were originally intended.  Plus, it makes tax planning a major and unnecessary headache!)

 

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