Senate Finance Committee Chairman Max Baucus, D-Mont., introduced the latest version of the tax cuts extenders bill on Thursday in another effort to extend a large number of tax breaks that have either expired or are about to expire for individuals and businesses, including new incentives for companies to hire workers.
The bill is paid for by closing tax loopholes for wealthy investment managers by changing the taxation of carried interest, as well as for corporations by taxing dividends received from certain types of business reorganizations and clarifying the gains recognized in some types of spin-off transactions.
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