Fiscal Cliff deal with $63 billion dollars of 'riders'

dudeindistress3 · Jan 3, 2013

http://touch.latimes.com/#section/-1/article/p2p-73885946/

WASHINGTON — In the last-minute dealmaking to stop the nation from tumbling over the so-called fiscal cliff, Congress and the White House decided not to spare most people from a hike in Social Security payroll taxes. But they did find room for billions in special tax breaks for rum makers, racetrack owners, railroads — and Hollywood studios. Riding along on the compromise bill were dozens of provisions that renewed existing tax breaks. All told, the business tax breaks will cost more than $63 billion next year, according to an analysis by Congress' Joint Committee on Taxation. The total cost doesn't add up to much compared with the rest of the federal government's $3.5-trillion budget. Supporters of such deals said that by helping businesses, the measures protect jobs.
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Fiscal Cliff deal with $63 billion dollars of 'riders'

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Fiscal Cliff deal with $63 billion dollars of 'riders'

dudeindistress3 Workaholic

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