Carried Interest Tax Hike Passes House in Tax Extenders Bill; Senate Outlook Unclear
June 1, 2010 in Daily Tax Report · Leave a Comment
The House voted 215-204 May 28 to extend dozens of popular tax cuts through the end of 2010 and raise taxes on investment fund managers and businesses with foreign income…
Senate Budget Committee Approves Resolution Seeking Hike in Top Tax Rates
April 23, 2010 in Daily Tax Report · Leave a Comment
The Senate Budget Committee approved its fiscal year 2011 budget resolution April 22, voting 12-10 to send the full Senate a package that would allow top individual income tax rates to rise in 2011 while allowing for…
Obama Signs Measure Creating $13 Billion in Tax Breaks for Businesses Hiring Workers
March 19, 2010 in Daily Tax Report · Leave a Comment
President Obama signed the HIRE Act (Pub. L. No. 111-92) into law March 18, creating tax breaks for businesses hiring new workers and extending higher expensing limits for small businesses that…
House Passes Job Creation Bill Granting $17.6 Billion in Tax Incentives for Businesses
March 5, 2010 in Daily Tax Report · Leave a Comment
The House March 4 voted 217-201 to pass legislation that includes $17.6 billion in tax cuts aimed at encouraging businesses to hire new workers…
