What do college students, renewable energy companies, and rum importers have in common? They're all about to see their tax breaks expire. What should be a routine renewal of popular tax breaks has become a fraught waiting game thanks to Congress' manipulation of budget calculations. From the AP:
The two-year extension Congress passed in January cost $76 billion in reduced revenue for the government, according to the nonpartisan Joint Committee on Taxation. Making those tax breaks permanent could add $400 billion or more to the deficit over the next decade.Instead of permanence, then, Congress has chosen to renew the breaks year by year—but this dyfunctional Congress never quite got around to doing it. That means myriad businesses and individuals will be unable to properly calculate their 2014 taxes until Congress passes a bill that retroactively applies the breaks.And if recent history is any indication, our representatives in Washington are in no rush to do that. Congress didn't renew 2012's tax breaks until January 1, 2013, leaving taxpayers scant time to claim the breaks on their 2012 returns.
it is amazing how republican congress plays lord and master over so many fates, they now need to add another title to their do nothing "the most destructive congress in history", they speak of uncertainty now we see it's them that creates this obstruction in our gov't they refused to let Pres. have his cabinet picks leaving many gov't offices without a leader.
all this in an effort to break and deny Pres. but by default all their dirt is covering you and your family. there are those who will still vote even though they have a cross hair on their backs it's like they have some kind of masochistic need to hurt themselves by hurting us.
Given all this confusion, why doens't Congress just make the cuts permanent and accept the budget impact all at once? It might go beyond dysfunction and budget manipulation:
"More cynically, some people say, if you just put it in for a year or two, then that keeps the lobbyists having to come back and wine-and-dine the congressmen to get it extended again, and maybe make some campaign contributions," said Mark Luscombe, principal tax analyst for CCH, a consulting firm based in Riverwoods, Ill.
this is another example of who in our gov't really wears the banner of can kicker down the road championship. nothing to be proud of but the smile everytime they do it, most do that when they think they've come out on top, well they should be at the top of our list to kick them back down the roads that they use to deny us the last 5 years.
Pres. fight for education affordability too, they want us dumb and in a lower world ranking than we are now, they don't care when they say they do they don't 2014 deadline for them or us. recognize
Pres. fight for education affordability too, they want us dumb and in a lower world ranking than we are now, they don't care when they say they do they don't 2014 deadline for them or us. recognize
The numbers are even more sobering when compared among only the 34 OECD countries. The United States ranked 26th in math — trailing nations such as the Slovakia, Portugal and Russia. What’s more, American high school students dropped to 21st in science (from 17th in 2009) and slipped to 17th in reading (from 14th in 2009), according to the results. riches greatest country i the world i guess keeping us dumb down makes them think they can sell that elephant dunghttp://usnews.nbcnews.com/_news/2013/12/03/21733705-us-teens-lag-in-global-education-rankings-as-asian-countries-rise-to-the-top?lite
Instead of permanence, then, Congress has chosen to renew the breaks year by year—but this dysfunctional Congress never quite got around to doing it. That means myriad businesses and individuals will be unable to properly calculate their 2014 taxes until Congress passes a bill that retroactively applies the breaks. And if recent history is any indication, our representatives in Washington are in no rush to do that. Congress didn't renew 2012's tax breaks until January 1, 2013, leaving taxpayers scant time to claim the breaks on their 2012 returns.yep they care /sarc
