IEG Policy is part of the Informa Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

White House, Treasury Won't Support Tax Cut Extenders If Not Balanced for Middle Class

Background. Congressional talks are underway in which some of the expired tax breaks would be made permanent, while others would be retroactively extended for one or two years. Lawmakers have said that they would arrive at an extenders deal before they leave for the holidays in mid-December. House Republicans passed bills in 2014 permanently extending bonus depreciation, the research and development tax credit, expensing provisions in Section 179 and certain charitable giving deductions, though none advanced in the Democratic-controlled Senate. Making Section 179 expensing permanent would allow businesses such as farmers and manufacturers to purchase additional machinery with the certainty that the provision will be in place. Democrats in the past have called on attaching an extenders deal to a bill renewing unemployment benefits that expired at the end of 2013, but House Ways and Means Chairman Dave Camp (R-Mich.) balked at the idea.

Advertisement

Topics

What to read next

UsernamePublicRestriction

Register

PL018667

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel