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Keyword: cliffpork

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  • Tim Carney: How corporate tax credits got in the 'cliff' deal

    01/02/2013 7:24:06 PM PST · by gotribe · 3 replies
    Washington Examiner ^ | 01/02/2013 | Tim Carney
    The "fiscal cliff" legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren't the fruit of eleventh-hour lobbying conducted on the cliff's edge -- they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week. The Family and Business Tax Cut Certainty Act of 2012, which passed through the Senate Finance Committee in August, was copied and pasted into the fiscal cliff legislation, yielding a victory for biotech companies, wind-turbine-makers, biodiesel...