Tax Credits Blog

No good news from Washington

Well, it didn't get done as far as I can tell.  The legislators all took their recess without passing the extensions for WOTC and EZ.  What gets me is the fact that major corporations are going to take a serious earnings hit if they don't get the tax credits that they've had in the past - its like a huge tax increase without the credits - something I know the Republicans are fighting against.  What every happened to "not one dollar of revenue increase" by the GOP?  I know someone out there realizes not extending a tax credit is the same as increasing taxes.

 

Ken Brice

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