(Bloomberg) The top lawmakers on the House Ways and Means Committee disagreed over whether extending tax breaks for research and international finance operations should be offset to prevent the U.S. budget deficit from growing.
Representative Dave Camp, the committee chairman, has suggested making some lapsed tax breaks permanent and letting others expire. Congress has routinely extended many of the breaks without pairing them with spending cuts or tax increases, he said Tuesday.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access