Lew: Any Business-tax Deal Must Include Breaks For Working Families
Any deal on expired business tax breaks must include some form of tax relief for working families, said Treasury Secretary Jacob Lew on Monday. "An extender package that makes permanent expiring business provisions without addressing tax credits for working families is the wrong approach," Lew said in a prepared statement. Congress is considering a host of tax breaks that expired at the end of 2013. The expired breaks include those for research and development, wind energy and Puerto Rican rum production, and are highly sought by companies. Republicans are seeking to make some of the breaks permanent.
Copyright © 2014 MarketWatch, Inc.