I’ve seen several references to tax cuts that were added in to the bailout bill that passed the US senate. Does anyone have an reliable cite with the actual numbers? Thanks.
Hard to say…I can find no detailed analysis on it. All I see are the sweeping bits:
- Renewable energy related tax incentives (whatever those are)
- Extension of 30 tax breaks due to expire at the end of this year (in particular the Alternative minimum tax was supposed to have gathered in more middle class folks and now it won’t)
Thing is none of it is paid for which is why the above measures have failed in the past. Now they do not seem to care and are just laying out the tax breaks which, they say, amount to $110 billion.
Here is the text of the bill (PDF). If you can figure it out let me know.