Skip to comments.Dozens of Democrats Defect, Join GOP on Research Tax Cut
Posted on 05/09/2014 5:49:05 PM PDT by SMGFan
Scores of Democrats rebuffed the White House and their own leadership on Friday, voting for a bill to permanently extend a tax cut encouraging companies to invest in research and development.
The vote passed 274-131, with 62 Democrats breaking with their party to vote with all but one Republican to pass the bill.
(Excerpt) Read more at blogs.rollcall.com ...
More crony capitalism.
Gata’ love election years when the Dems feel threatened.
No crony capitalism here. You don’t have to be a FOO to get on the gravy train. You just need to invest in R&D and you get a tax break. Unless, of course, they only allow “correct” R&D investments to be subject to the tax credit.
Wouldn’t surprise me in the least. Targeted tax breaks are common. Fortunately, there have been very few restrictions on R&D tax credits in the past.
~No crony capitalism here. You dont have to be a FOO to get on the gravy train. You just need to invest in R&D and you get a tax break. Unless, of course, they only allow correct R&D investments to be subject to the tax credit.~
True, there is a possibility for a fraud and for the officials to ‘settle matters’ but I think positive outcomes would prevail. The more chances for lower taxes the better.
Because Republicans are so “anti-science”, dont you know? (/sarcasm)
Excuse me Mr. Hoyer? Fiscal responsibility? Say whaaaaaat?