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Wednesday, June 11, 2008
We're Pleased with Pay-Fors in Extender Package
Corporate Community Copacetic
Congressional Quarterly has obtained a preliminary draft of a letter from 300 Americans companies from Apple to Xerox expressing a support for a package extending expiring tax breaks -- paid for by the curtailing of some big-ticket corporate tax cuts.
According to the early draft, the companies indicated that the House bill
includes revenue-raising provisions that are relatively noncontroversial compared to the large tax increases that would fall on American companies and American workers if the expired and expiring provisions are not extended... Opposition to any and all revenue raisers should not impede action necessary to prevent these tax increases.
Such a position would be directly at odds with the oft-stated, nearly-unanimous view of the GOP Senate conference that corporate tax breaks should not be paid for -- and certainly not by offsetting reduction of other corporate tax breaks.
We will keep you posted regarding the letter and further lobbying efforts by the corporations regarding the tax extenders package.
Posted by Dana Chasin
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