Tax breaks for special interests sweeten tax-cut deal

[babsbunny]

http://www.mcclatchydc.com/2010/12/10/105115/tax-breaks-for-special-interests.html

By David Lightman | McClatchy Newspapers

WASHINGTON — Dozens of tax breaks designed to help a wide variety of interests — students, teachers, energy companies and lots of others — are due to expire at the end of the year, and most of them have been tacked on to the White House/Republican tax-cut deal to help it get through Congress.

The Senate is scheduled to take its first test vote on the package Monday afternoon, and now that the package has ballooned to include these breaks, it's expected to pass.

Inclusion of the breaks is either traditional Washington capitulation to special interests or vital help for industries and consumers who badly need it, depending on one's point of view.


Read more: http://www.mcclatchydc.com/2010/12/10/105115/tax-breaks-for-special-interests.html#ixzz17vOno3Tg