CREDIT: Shutterstock Senate Majority Leader Harry Reid (D-NV) has reached a compromise with House Republicans on a package of tax breaks that would permanently extend relief for big multinational corporations without providing breaks for middle or lower-income families, individuals with knowledge of the deal tell ThinkProgress. Under the terms of the $444 billion agreement, lawmakers would phase out all tax breaks for clean energy and wind energy but would maintain fossil fuel subsidies.
Congress Poised To Eliminate Key Tax Breaks For Middle Class, Provide Permanent Tax Breaks For Corporations
Igor Volsky, Think Progress
Tue, 11/25/2014 - 12:47pm
Topics: shutterstock senate majority leader harry reid d-nv house republicans center budget policy priorities the american permanent opportunity tax credit democratic this congress americans harry stein associate director fiscal policy american progress action fund ceos on monday treasury secretary jack lew he any in april senate finance committee congress poised to eliminate key tax breaks for middle class provide permanent tax breaks for corporations credit house thinkprogress earned income tax credit child tax credit congress breaks for middle class provide middle class provide permanent tax class provide permanent tax breaks families working deal package million provisions big businesses expire benefits energy agreement including fiscally
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