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Tax subsidies eyed to trim federal budget amid tough talk
Washington lawmakers press a shift from defense cuts to tax expenditures seen as costly breaks for corporations and individuals. Senators Kennedy Conyers and Ottinger seek to repurpose these tax breaks to fund a four year 11 billion job program for the unemployed, highlighting its broad reach including charity, housing, energy, and business incentives. The Senate Budget Committee notes some exporters defer taxes indefinitely, a practice with debated impact on the budget.
MENTIONED IN THIS ARTICLE
Washington
Congress
Pentagon
Edward Kennedy
Dmass
John Conyers Jr
Michigan
Richard Ottinger
New York
Senate Budget Committee