A plan to renew a handful of tax breaks for business and individuals looks to have been quenched by the White House after a veto threat.
The threat came before any plan was revealed to renew that tax breaks, which have said to have favored individuals over the working class.
Speculation on Capitol Hill on Tuesday focused on a potential agreement to permanently enact tax breaks on business investments in new equipment and research and development as part of a plan that would renew dozens of expired tax breaks for businesses and individuals both.
The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top Obama administration priority: extending more generous tax credits for the working poor and people with children. They were left out of the potential pact and expire at the end of 2017. Democrats fear they won’t be renewed if Republicans control Congress or retake the White House.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.