Obama Signs Measure Creating $13 Billion in Tax Breaks for Businesses Hiring Workers

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 Ways and Means Panel OKs Small Business Tax Bill; Treasury Concerned over Language Impacting Tax Treaties

The House Ways and Means Committee March 17 approved a $17 billion small business tax bill (H.R. 4849) but changes might be forthcoming after…

Senate Clears $13 Billion in Tax Incentives for Job Creation for President’s Signature

The Senate March 17 voted 68-29 to pass $13 billion in tax breaks for hiring new workers, an expansion of incentives for financing construction activity, and…

Proposals on Tax Havens, Job Creation Expected to Clear House Ways and Means Committee Today

The Ways and Means Committee is expected to approve legislation (H.R. 4849) March 17 that would extend the Build America Bonds program, but that support will…

House Passes Job Creation Bill Granting $17.6 Billion in Tax Incentives for Businesses

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…

Senate Returns to Tax Extenders Debate; Section 179 Amendment Fails

The Senate March 3 voted down, 38-61, an amendment (S. Amdt. 3338) to legislation to extend expiring tax code provisions (H.R. 4213) that, among other…

Senate Passes $16 Billion in Tax Cuts in Bid to Encourage New Hiring by Employers

The Senate voted 70-28 on Feb. 24 to pass its first installment of economic stimulus of the year, including $16 billion in tax cuts aimed at encouraging businesses to hire new workers…

Senate Majority Leader Reid’s Jobs Bill Gets Lackluster Reviews; Some Prefer Extending 2001, 2003 Tax Laws

Longer-term policies that give small businesses additional certainty about the tax climate in coming years may be better for the economy than…

Obama Administration Proposes to Expand, Reform Tax Credit Program to Better Assist Small Businesses

DURHAM, N.C.—The Obama administration is seeking to expand and reform tax credits aimed at stimulating investment in economically distressed communities, Treasury Secretary Timothy Geithner said Feb. 18.

Senate Passes Legislation to Curb Penalties for Tax Shelter Investments

The Senate passed legislation (S. 2917) Feb. 9 that would limit penalties for individuals and businesses that invest in tax shelters by tying fines to…

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