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"A comprehensive, collaborative elections resource."
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K Street mounts blitz for tax breaks
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| Contributor | RP |
| Last Edited | RP Dec 05, 2011 05:03pm |
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| Category | Commentary |
| Author | ANNA PALMER |
| News Date | Monday, December 5, 2011 04:10:00 AM UTC0:0 |
| Description | K Street wants to deliver Big Business a Christmas miracle.
Unless a set of tax perks, credits and other goodies worth billions to industry gets slipped into a bill this month, they’ll expire — and lobbyists for a variety of interests are working hard to keep them alive.
Passing the “tax extenders” package used to be routine, but this year, the price tag — about $30 billion over 10 years — makes them unpalatable when slashing spending is the agenda. Plus, the perks have become embroiled in a back and forth as the two parties negotiate contentious issues such as extending unemployment insurance. |
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