Friday, November 18, 2011

Senate proposing tax credits making supercommittee task harder

While the supercommittee is trying, and by most accounts, failing, to reach an agreement on budget cuts, three senators are making the task harder.

From the Washington Post:
That's the message from pretty much any member of Congress when it comes to reforming the country's labyrinthine tax code.

When it comes to actually enacting tax legislation, however, lawmakers just can't help making things more complicated.

On Tuesday, Senate Majority Leader Harry Reid (D-Nev.), Sen. Robert Menendez (D-N.J.) and Sen. Richard Burr (R-N.C.) introduced the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act of 2011, a measure that would extend tax credits to encourage the production and purchase of vehicles that run on natural gas.

The introduction of the measure comes one week after the Senate passed a bipartisan bill that would give businesses a tax credit for hiring unemployed and disabled veterans.
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