Baucus Says Temporary Tax Breaks ‘Disastrous’ for Businesses
February 07, 2012, 11:50 AM ESTBy Steven Sloan
Jan. 31 (Bloomberg) -- Senate Finance Committee Chairman Max Baucus, a Montana Democrat, said temporary tax breaks known as extenders are “disastrous” for U.S. companies.
“For businesses to succeed, Congress must provide a stable and certain tax code,” Baucus said today at a panel hearing in Washington.
More than 60 such tax breaks expired at the end of 2011. Congress often resurrects these provisions retroactively.
--Editors: Jodi Schneider, Bob Drummond
To contact the reporter on this story: Steven Sloan in Washington at ssloan7@bloomberg.net
To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net
