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TAX-BREAK

The Wire

Mo. home buyers could be eligible for tax break

Missouri residents who buy a house in 2010 could get a property tax break.

Expanded tax breaks for money-losing companies

The Senate has voted to expand a tax break for money-losing companies as part of a bill to extend and expand a tax credit for homebuyers and unemployment benefits for people without jobs for more than a year. How the business tax break would work:

IRS adds new car break to states with no sales tax

To help boost car sales, the Obama administration announced Thursday it is expanding a tax break on new car sales to six states that don't have sales taxes.

GM bailout has future tax break worth billions

The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion — if it ever becomes profitable again.

Tenn. offer to offset carbon tax credited in deals

Tennessee's unusual commitment to cover the cost of any future carbon tax for green companies that make major investments is being credited for luring two big solar energy developments worth more than $2 billion.

Banks reap big tax breaks atop bailout billions

Some of the nation's biggest banks are in for a windfall — on top of the $700 billion government bailout — thanks to a new tax policy quietly issued by the Treasury Department.

The Vine
Why The Cadillac Tax On Health Plans Isn't Really A Tax
Source: NPR

By now you've heard plenty about the so-called Cadillac tax on high-end health insurance, a plank in the Senate health bill that would levy a 40 percent penalty on health plans costing more than $8,500 for singles and $23,000 for families.

Millions may have to repay part of Obama tax credit
Source: The L.A. Times

For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.

FloriDUH: Holy Land gets a holy tax break. Praise be to capitalism!
Source: The Orlando Sentinel

A holy experience? Sounds like hellish capitalism to us. Here's the deal: Holy Land Experience is a religion-based theme park in Orlando owned by Trinity Broadcasting Network. It's required to drop its normal $35 ticket price and offer free admission one day each year.

Hey Washington State: Make It A 40% Tax Break For Journalism, Not For Newspapers
Source: daggle.com

The newspaper bailout has arrived, or so the headlines are going in the wake of Washington State granting a 40% tax break to newspapers.

Stimulus Stakes Higher in Some Areas
Source: The Washington Post

Rep. Frank M. Kratovil Jr., a first-term Democrat representing Republican-leaning eastern Maryland, is eager for word to spread about millions in stimulus money that is going to roads, sewer upgrades, health clinics, schools, police and rural development in his district.

California Congressman Calls Maryland Home to Gain Tax Credit
Source: Bloomberg.com

A senior member of the U.S. House's tax-writing Ways and Means Committee from California has been taking advantage of a tax break for a home in Maryland that he claims as his principal residence.

Local taxpayers could miss out on disaster tax break linked to Bush stimulus plan
Source: http//www.wqad.com

Possible money savings during tax time can be found in midwest ! Many midwesterners might not be aware of the infomation not released until mid January.

What's in the Bill for You
Source: The New York Times

Interesting piece articulating what you can expect to get from the stimulus bill - in concrete terms: income tax relief, unemployment benefits, pell grants, higher education tax credit, 529 expansion, car buyer tax deduction, first time home-buyer credit, transit accounts, A.M.T  …

Lawmakers Reach Agreement on $789 Billion Economic Recovery Package
Source: FOXNews.com

The conference has come up with a $789 Billion stimulus bill. There are very few specifics available either by choice or by chance. I have seen less than $100 Billion discussed.

Democrats Divided Over Gas Tax Break
Source: The New York Times

As angry truckers encircled the Capitol in a horn-blaring caravan and consumers across the country agonized over $60 fill-ups, the issue of high fuel prices flared on the campaign trail on Monday, sharply dividing the two Democratic candidates.

The cry should go up in Europe: more babies, please -Times Online
Source: The Times

Europe needs more babies – the average continental family has a mere 1.37 children. Cutting back non-EU immigration to limit pressure on housing stock would help. So would state cash handouts.

Canadian Biotech Leaders Looking for Tax Breaks
Source: biotech.blogs.ca

Over 50 Canadian biotech leaders will be calling on federal politicians this week to increase funding and decrease taxes for their industry. They are hoping that the tax breaks will be an incentive for emerging biotech companies to spur an increase in medical developments.

60 Days or $100 - Revised

A Republican majority Congress is desperate to relieve voters of the burden of rising gas prices during an intrinsically vital election year.

CNN.com - A magic way to make billions - Feb 27, 2006
Source: CNN

A remarkable story about how spraying almost anyhing on coal, and then burning it just like coal, officially turns it into synthetic fuel that qualifies for serious tax credits. The synfuellindistry is tryin to preserve this benny right now. - PrBl

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