Bloomberg News

Baucus Says Temporary Tax Breaks ‘Disastrous’ for Businesses

February 07, 2012

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


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